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Foodtech platform Zomato Ltd on Wednesday filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI), proposing an initial public offering (IPO) of ₹8,250 crore.
In line with this the company will be issuing fresh equity shares worth ₹7,500 crore, along with the company’s early backer Info Edge India Ltd selling its stake worth ₹750 crore in Zomato’s upcoming public offering.
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