Zomato’s QIP salvo before Swiggy IPO will further fuel quick commerce frenzy
Zomato's decision to raise additional funds via QIP, despite holding $1.5 billion in cash, has sparked intrigue in the quick commerce sector, with some viewing it as a strategic move to overshadow Swiggy's impending IPO.
Zomato Fundraise Via QIP Next Week? | Reasons Behind The Fundraise, Why Now? | Swiggy Vs Zomato
Reasons Behind The Fundraise, Why Now? | Swiggy Vs Zomato#zomato #zomatoshare #qip #fundraise #funding #swiggyipo #swiggy #etnow #businessnews #topnews
Zomato Eyes New Funding via QIP as It Expands into New Verticals
The massive Indian foodtech company Zomato is preparing for rapid expansion as it plans to raise further funding.
Zomato’s QIP Plans: What It Means Amid Rising Competition with Swiggy
Zomato called for a meeting on October 22 with its shareholders to discuss the prospect of the QIP, as well as unaudited financial results.
Zomato board to decide on funding via QIP on October 22
The food and grocery delivery major will put up the proposal to the board on October 22, on which day it will also declare its financial results for the July-September quarter.
Zomato may raise ₹8,500 crore through its QIP, say sources — Why is it significant
Post the fund raising, the company will apply to the Reserve Bank of India to cap its Foreign Institutional Investment (FII) holding at 49%, the sources said.
Zomato board to consider fundraising via QIP on Oct 22
Food delivery platform Zomato Ltd's board will consider fund raising through QIP on October 22, it said in a regulatory filing. Zomato share is currently trading at Rs 270.
Zomato Slides 3% On Bid To Raise Funds Via QIP Amid Swiggy's Anticipated IPO
Shares of food-delivery giant Zomato dived on Friday’s early trade, going down by over 3%, after the company announced plans to raise funds through a qualified institutional placement. What Happened: Zomato’s board of directors will meet on October 22 to approve the firm’s quarterly financial results,
PG Electroplast board approves ₹1,500 crore fundraise via QIP
Contract manufacturer in the consumer electronics and appliances space, PG Electroplast Ltd on Saturday (October 19) said it's board of directors has approved a proposal to raise up to ₹1,500 crore through the issuance of equity shares or other convertible securities via Qualified Institutions Placement (QIP).
Zomato Board To Consider Raising Funds Via QIP On Tuesday
Food delivery platform Zomato on Thursday said its board will consider fundraising through qualified institutional placement (QIP) on October 22.
Zomato shares dip 5% amid fundraise plans via QIP
Shares of Zomato dropped by 5.4% after the company announced a fund-raising plan through issuing equity shares. The company reported a net profit of Rs 253 crore for the April-June quarter, driven by revenue growth from Blinkit and Hyperpure.
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UCO Bank to Raise Rs 2,000 Cr via QIP in Q3 | Business News
UCO Bank plans to raise Rs 2,000 crore through a qualified institutional placement (QIP) in the December quarter to meet ...
Adani Enterprises Completes Rs 4,200 Cr QIP for Capital Expenditure and Debt Repayment
One of the biggest scalable business incubators in India, Adani Enterprises Ltd. (AEL), has funded Rs 4,200 crore (about $500 ...
Zomato share price drops 5% on BSE on Friday; QIP, Q2 results in focus
Zomato fundraise QIP news: Zomato share price today fell 5.4 per cent to Rs 256 per share on the BSE. At 12:43 PM, Zomato ...
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Adani Enterprises raises ₹4,200 cr via QIP; here’s how the stock reacts
“Adani Enterprises Limited (AEL) has successfully completed the QIP of equity shares of face value of ₹1 each of AEL ...