Zomato raises ₹4,196 crore from anchor investors ahead of IPO
The Hindu
The company has decided to allocate 5,52,173,505 equity shares to anchor investors at ₹76 apiece.
Food delivery platform Zomato on Tuesday said it has raised a little over ₹4,196 crore from anchor investors ahead of its initial share sale, which opens for public subscription on Wednesday. The company has decided to allocate 5,52,173,505 equity shares to anchor investors at ₹76 apiece, aggregating the transaction size to ₹4,196.51 crore, according to a circular uploaded on BSE website. BlackRock, Tiger Global Investments Fund, Fidelity, New World Fund Inc, JP Morgan, Morgan Stanley Asia (Singapore) Pte-ODI, Goldman Sachs (Singapore) Pte -ODI, T Rowe, Canada Pension Plan Investment Board, Government of Singapore, Monetary Authority of Singapore and Abu Dhabi Investment Authority are among the anchor investors.
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