Zomato files DRHP for Rs 8,250 crore IPO – News 24-7 Live News 24-7 Live
Zomato files DRHP for Rs 8,250 crore IPO

Zomato files DRHP for Rs 8,250 crore IPO

Food delivery startup Zomato has filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI for an initial public offering (IPO) to raise up to Rs 8,250 crore.

According to the DRHP, Zomato will offer equity shares aggregating up to Rs 8,250 crore. Of this, the company will issue fresh shares worth Rs 7,500 crore, while Rs 750 crore will be an offer for sale for its existing investor Info Edge.

Info Edge on Tuesday had announced that it would sell shares worth Rs 750 crore in the upcoming Zomato IPO.

Zomato is one of India’s most prominent startups and was launched in 2008. It is present in 24 countries and employs more than 5,000 people, according to its website.

News Source: CNBC TV 18

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