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Zomato IPO: Info Edge to sell shares worth Rs 750 crore Top Searches Zomato IPO: Info Edge to sell shares worth Rs 750 crore TNN / Apr 27, 2021, 23:33 IST FacebookTwitterLinkedinEMail 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. ....
Info Edge shares, on Tuesday, surged 5 per cent to Rs 5,250 in intra-day deals on the BSE after food delivery giant Zomato raised another $250 million in primary fundraise from existing and new investors. Info Edge, the nation’s leading job-hunting platform, also has investments in at least 23 startups, including Zomato. In a stock exchange filing, Info Edge said that the latest transaction has taken the post-money valuation of Zomato to $5.4 billion. This is an increase from its previous valuation of $3.9 billion in December last year when it closed a $660 million primary financing round. “On a fully converted and diluted basis, Info Edge’s effective stake in Zomato stands at 18.4 per cent,” Info Edge said in the stock exchange filing. ....
NEW DELHI: Nifty IT index was trading with losses at 02:06PM (IST) on Wednesday. While Info Edge (India) (down 3.87 per cent), Coforge (down 1.82 per cent), Larsen & Toubro Infotech (down 1.65 per cent), Wipro (down 1.41 per cent) and Tata Consultancy (down 1.06 per cent) were the top losers in the index. The Nifty IT index was trading 1.18 per cent down at 25311.4 around 02:06PM. Benchmark NSE Nifty50 index was down 97.95 points at 15215.5, while the BSE Sensex was down 371.4 points at 51732.77. Among the 50 stocks in the Nifty index, 14 were trading in the green, while 36 were in the red. Shares of PNB, Vodafone Idea, Central Bank of India, ....
NEW DELHI: Nifty IT index was trading with losses at 01:40PM (IST) on Tuesday. Shares of Info Edge (India) (down 8.84 per cent), Mindtree (down 2.3 per cent), Larsen & Toubro Infotech (down 1.79 per cent), Infosys (down 1.12 per cent) and Tata Consultancy (down 1.09 per cent) were the top losers in the index. While Coforge (up 0.51 per cent), Tech Mahindra (up 0.44 per cent) and MPhasis (up 0.12 per cent) were among the top gainers. The Nifty IT index was trading 1.65 per cent down at 25571.4 around 01:40PM. Benchmark NSE Nifty50 index was down 28.65 points at 15286.05, while the BSE Sensex was down 145.98 points at 52008.15. Among the 50 stocks in the Nifty index, 21 were trading in the green, while 29 were in the red. ....