Instead of INR 750 Cr, Info Edge will now sell stake worth INR 375 Cr in Zomato IPO
Shortpedia
Content Team
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Internet holding firm Info Edge Ltd. has revised its quantum of share sale in the upcoming Zomato public offering to INR 375 Cr, which is almost 50% lower than the originally planned INR 750 stake sale that was announced in April. Info Edge is the largest stakeholder in Zomato and holds around 19% stake in the company. The company is planning to build a war chest of $1 Bn, as a part of its pre-IPO exercise.
