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SEBI green signals Zomato's bid to raise funds via Rs 8,250 crore IPO

Shortpedia

Content Team
Image Credit: Shortpedia

Zomato has received the nod from the Securities and Exchange Board of India to raise funds via an initial public offering. “They have received the go-ahead from Sebi. It should be updated on the regulator’s website on Monday. Now that the approval has come, the launch can happen anytime soon, most likely this month," a spokesperson for Zomato said. The food delivery platform plans to raise Rs. 8,250 crore via its IPO.