Shares of Info Edge (India) rose 5 per cent to Rs 5,626 on the BSE in intra-day trade on Monday after media reports said Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) application of food delivery company Zomato. Info Edge held an 18.55 per cent stake in Zomato as of April 27, 201, according to Draft Red Herring Prospectus. The stock of Info Edge (India) has rallied 14 per cent in the past three trading days. Meanwhile, Info Edge has reconsidered its offer to sell shares worth Rs 750 crore in the upcoming IPO of Zomato. Info Edge, in a regulatory filing, said it will now be selling only 50 per cent, or Rs 375 crore, of the initial offer as offer-for-sale (OFS) in Zomato’s IPO.
Info Edge will now only sell shares worth ₹375 crore in Zomato IPO
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Info Edge share climbs 5% after Sebi clears Zomato IPO
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Info Edge halves its OFS size in Zomato IPO to Rs 375 cr
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Social Share By South Florida Caribbean News June 26, 2021
The World Bank Board of Executive Directors approved US$50 million in Supplemental Financing for the Second Fiscal Reform and Resilience Development Policy Credit (DPC) for St Vincent and the Grenadines. This quick-disbursing operation aims to help the country cover a large unexpected financing gap and address emergency needs caused by t La Soufriere volcano eruption, which began in [April] 2021. The original DPC was approved in June 2020, a release from the bank states.
The volcanic eruption began as St Vincent and the Grenadines was still coping with the devastating socio-economic effects of the COVID-19 pandemic, said Tahseen Sayed, World Bank Country Director for the Caribbean.