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Zomato Ltd.'s share price fell by more than 5% on Friday after it said its board will meet on Oct. 22 to discuss plans for raising funds through a qualified institutional placement.The meeting coincides with the company's scheduled release of its earnings for the September quarter, followed by an earnings conference call at 5 p.m.Earlier, Zomato highlighted the launch of an innovative easy returns feature for its quick commerce platform, Blinkit…

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Zomato Share Price Falls After It Says Board To Consider Fundraising Via QIP

Shares of foodtech major Zomato slumped as much as 5.4% to INR 256 during the intraday trading on the BSE today (October 18), a day after the company said that its board would consider raising funds via qualified institutional placement (QIP). However, the stock shed some of the losses to end the day 4.9% lower at INR 257.40 on the BSE.  As many as 10.7 Cr shares of Zomato were traded during today’s session. The company’s market capitalisation s…

Inc42 Media

Zomato Slumps Over 5% As Co To Consider Fundraise Via QIP

In a regulatory filing, the company informed that a meeting of the board of directors is scheduled to be held on Tuesday, October 22, 2024 New Delhi: Food delivery platform Zomato on Thursday said its board will consider fundraising through qualified institutional placement (QIP) on October 22. In a regulatory filing, the company informed that a meeting of the board of directors is scheduled to be held on Tuesday, October 22, 2024. The board, Zo…

Indiaretailing.com

Zomato board to consider raising funds via QIP on Tuesday - India Retailing

SUMMARY Shares of foodtech major Zomato slumped as much as 5.4% to INR 256 during the intraday trading on the BSE  The stock shed some of the losses to end the day 4.9% lower at INR 257.40 on the BSE Zomato’s board will consider raising funds via QIP next week. While the company didn’t disclose the quantum of funding, as per reports it plans to raise INR 8,500 Cr  
Shares of foodtech major Zomato slumped as much as 5.4% to INR 256 during the int…

Zomato Share Price Falls After It Says Board To Consider Fundraising Via QIP

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