Zomato IPO: Info Edge may sell stake for Rs 750 crore – zomato-ipo-info-edge-to-sell-stake-worth-rs-750-crore-via-ofs

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Mumbai: Now the picture is getting clear about Zomato’s IPO. Info Edge India informed on Tuesday evening that it will sell its stake in the IPO of this food delivery unit under the offer for sale (OSS).

Info Edge said that it will sell a stake of Rs 750 crore in Zomato’s IPO under OFS. The company gave this information to the market. Following Zomato’s recent fund raising plan, Info Edge holds 19 per cent stake in the company.

The IPO of Zomato is being awaited for a long time. It will join the list of early unicorn companies in the country that are planning to list on the Indian market.

Also read: Fears of biggest sell-off by foreign investors since March 2020

This online food delivery company has raised $250 million this year from Tiger Global, Quora and other investors. In this process the valuation of the company was now valued at $5.4. Kotak Mahindra Bank, Morgan Stanley, Citibank, Credit Suisse and Bank of America have been selected to manage the issue.

Earlier, ET Markets informed you that Zomato has converted itself from a private company to a public company, so that it will be easier to offer an IPO. The company can raise from $700 million to $1 billion from the primary market.

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