"ZUL was not a material subsidiary of the company (Zomato) and didn't have any business activity and the dissolution of ZUL will not affect the turnover/revenue of the company." Zomato said
Mutual funds have been betting big on IPOs in the last couple of months. The last quarter has seen big-ticket IPOs hitting the market. Some mutual fund houses have gone big on these IPOs while many others have stayed away from them.