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’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 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 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 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 shares in news as board to consider fund raising next week
S hares of Zomato Ltd are in news today after the online food delivery firm said its baord would meet on October 22 to consider raising funds via a qualified institutional placeme
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.
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,
Zomato’s shares fall, board to consider fundraising next week
Shares of Zomato were trading lower at ₹264.95 as of 10:36 am on the BSE. The stock opened at ₹256.05, around 5 per cent lower than the previous close on Thursday.
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 to mull fund raising on Oct 22 via QIP
Zomato informed that its board is scheduled to meet on 22 October 2024 to consider the proposal of raising of funds by issuance of equity shares by way of qualified institutions placement (QIP).
Torrent Power eyes Rs 3,000-4,000 cr fundraise through QIP
Torrent’s power business spans conventional coal and gas power generation, renewable assets, transmission, as well as green hydrogen projects.
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CG Power Q2 Results: Shares fall 6% after profit, margin falls; Board to raise ₹3,500 crore via QIP
CG Power's board has approved raising a sum of ₹3,500 crore through a Qualified Institutional Placement (QIP), which will be ...
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Reliance Infra to Raise ₹6,000 Crore Through QIP, Preferential Allotment
In the first phase, a ₹3,014 Crore preferential issue will offer 12.56 Crore equity shares or convertible warrants at ₹240 ...
CG Power and Industrial Solutions to raise Rs 3,500 crore via QIP; board OKs issue of shares
This capital raise is aimed at supporting CG Power’s growth and operational plans, with the exact number of securities to be determined at a later stage, CG Power said in a regulatory filing.
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Startup Digest: Zomato may raise ₹8,500 crore through its QIP, PhonePe net loss narrows, Groww posts ₹805 crore net loss, and more
Food delivery aggregator Zomato will be holding its board meeting on October 22 to consider a fundraising proposal through an ...
UCO Bank plans to raise Rs 2,000 crore via QIP in Q3
State-owned UCO Bank plans to raise up to Rs 2,000 crore through a share sale via qualified institutional placement in the ...
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 ...
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Zomato share price target 2025: Fresh funding through QIP - Buy, sell or hold? Brokerage view
Jefferies underlines that majority domestic ownership will allow Blinkit to follow the inventory model. "Inventory model will ...