India: Zomato receives shareholders' approval to raise $101m via QIP

India: Zomato receives shareholders' approval to raise $101m via QIP

FILE PHOTO: A delivery worker of Zomato outside an eatery in Kolkata, India, July 13, 2021. REUTERS/Rupak De Chowdhuri/File Photo

Indian food delivery major Zomato has received shareholder approval to raise about $101 million (Rs 8,500 crore) through a qualified institutional placement (QIP), according to the company’s latest filings with the National Stock Exchange (NSE).

Edited by: Joymitra Rai