Business Standard | 05/07/2021 08:26 PM | Click to read full article
Zomato has obtained market regulator Sebi’s green light to launch its Rs 7,875-crore initial public offering (IPO).
Getting a final observation letter is akin to getting a go-ahead to launch the IPO, said investment bankers. The company is planning to issue fresh shares worth Rs 7,500 crore in the IPO. This will make this India’s third-largest offering after Reliance Power and DLF.