Shareholders of Zomato Limited (NSEI:ZOMATO) have cleared its plan to raise INR 85,000 million via a qualified institutional placement, the company said in a filing to the exchanges. Over 99% of the shareholders who voted were in favour of the resolution. The Gurgaon-based company had announced the plan to raise fresh capital last month - at a time when the rapidly growing quick commerce industry is becoming increasingly competitive and witnessing a flush of funds being infused into the sector.
Zomato Shareholders Approve INR 85,000 Million Qualified Institutional Placement Plan
Published on 11/23/2024 at 03:05 am EST

















