Zomato raises $1 billion in first major fundraise since 2021 listing
Zomato successfully raised $1 billion through a qualified institutional placement by issuing approximately 336.5 million shares at ₹252.62 each, marking its first major fundraising since the 2021 IPO.
MAIN POINTS
- Zomato raised $1 billion via a qualified institutional placement.
- Approximately 336.5 million shares were issued at ₹252.62 each.
- This is Zomato's first major fundraising since its 2021 IPO.
- The placement period was from November 25 to November 28.
TAKEAWAYS
- Zomato's fundraising highlights strong investor interest post-IPO.
- The $1 billion raised will likely support Zomato's growth strategies.
- The share price set at ₹252.62 indicates market confidence.
- Institutional placements are a key fundraising strategy for large companies.