Zomato raises 8500 crore through successful QIP issue in stock market

Zomato has successfully completed its QIP issue, raising Rs 8,500 crore through the allocation of 33.64 crore equity shares. The shares were priced at Rs 252.62 each, which was a 5% discount to the floor price of Rs 265.91 per share. This capital infusion is expected to support the company's growth initiatives.

Additionally, stocks like KEI Industries and Newgen Software are also in focus in the market. The overall market sentiment seems to be influenced by these developments, with various companies making headlines for their recent activities and financial maneuvers. Investors are advised to monitor these stocks as they navigate through the latest market trends and updates.

Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings