Zomato IPO: Info Edge to sell shares worth Rs 750 crore
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Zomato IPO: Info Edge to sell shares worth Rs 750 crore
TNN / Apr 27, 2021, 23:33 IST
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Zomato is expected to file the Draft Red Herring Prospectus (DRHP) for its IPO this week. (Representative image)
BENGALURU: Info Edge, an early investor in Zomato, said it will sell shares worth Rs 750 crore in the upcoming initial public offering (IPO) of the online food ordering platform.
In a stock exchange filing on Tuesday night, it said the sale would be through a combination of fresh issue of equity shares by Zomato Limited and an offer for sale (OFS) by Info Edge.