Zomato gets SEBI nod for Rs 8,250-cr IPO
Food delivery platform Zomato has received SEBI’s nod to raise Rs 8,250 crore through an IPO. The IPO comprises fresh issue of equity shares worth Rs 7,500 crore and an offer-for-sale to the tune of Rs 750 crore by Info Edge (India) Ltd, according to draft red herring prospectus. Zomato obtained its observation on July 2, an update with the regulator showed.
