Zomato Board to Consider QIP Fundraising on Tuesday
Oct 17, 2024 21:09
Zomato's board will consider raising funds via QIP on October 22, 2024, as announced in a regulatory filing. The company will also approve its second quarter results on the same day.
Photograph: Francis Mascarenhas/Reuters
New Delhi, Oct 17 (PTI) Food delivery platform Zomato on Thursday said its board will consider fundraising through qualified institutional placement (QIP) on October 22.
In a regulatory filing, the company informed that a meeting of the board of directors is scheduled to be held on Tuesday, October 22, 2024.
The board, Zomato stated, will consider and approve the "raising of funds by issuance of equity shares by way of qualified institutional placement, as may be permitted under applicable laws, subject to such regulatory/statutory approvals, including the notice for the postal ballot for obtaining the shareholders' approval in this regard, as may be required".
Zomato also said its board will approve the second quarter results on October 22.
Zomato's shares on BSE closed 1.29 per cent lower at Rs 270.65 apiece on the BSE on Thursday.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Unilever: India Growth & GST Impact
Unilever sees huge opportunities in India due to high GDP growth and GST cuts. HUL...
Trai Recommends 6 GHz, E, V Band Allocation
Trai suggests administrative allocation of 6 GHz, E, and V bands for telecom backhaul....
TotalEnergies Sells Stake in Adani Green Energy
TotalEnergies sells 1.74% stake in Adani Green Energy for Rs 2,778 cr. Stake reduced to...
TCS Acquires Coastal Cloud for $700 Million
TCS acquires Coastal Cloud for USD 700 million, strengthening its Salesforce and AI...
JSW Paints Acquires AkzoNobel India Stake
JSW Paints completes acquisition of majority stake in AkzoNobel India, becoming the...
Park Medi World IPO Subscribed 52% on Day 1
Park Medi World''s IPO received 52% subscription on day 1. The Rs 920-crore IPO closes...
Dasnac Invests Rs 2,000 Cr in Noida Luxury Housing
Dasnac to invest Rs 2,000 crore in a luxury housing project, Dasnac Westminster, in...
Nephrocare IPO Subscribed 12% on Day 1
Nephrocare Health Services IPO received 12% subscription on day 1. IPO details, price...
Wakefit IPO Subscribed Over 2 Times
Wakefit''s Rs 1,289-cr IPO was subscribed over 2 times on the final day. Details on...
IAN Group to Deploy USD 100M Alpha Fund by 2027
IAN Group to deploy its USD 100 million IAN Alpha Fund in early-stage startups by 2027....
Read More »