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This fight between Swiggy and Zomato is getting more interesting day by day, bro. Now, Zomato has also announced its QIP.

Anonymous

Anonymous 1

Stealth • 4m

Bro, Zomato is gearing up for war. QIP is basically them arming up to go head-to-head with Swiggy. It’s like they’re trying to make sure they don’t get knocked out if Swiggy’s IPO performs better. Gonna be fun to watch this unfold.

0 replies1 like

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🚨 Zomato is Planning To Raise Over ₹4185 Crore Through QIP as Per Media Reports Zomato Has Cash Reserves of ₹12,539 Crore Swiggy’s IPO Size is Around ₹11,664 Crore Zomato Being Aggressive, Crucial Timings

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Zomato's shareholders have approved the plan to Rs 8,500 crore through a QIP. 99.8% of the shareholders have voted in favour of the fundraise.They have also approved setting up an ESOP trust and giving an interest-free loan to the trust.

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