Monday 13 April 2015

Info Edge invests Rs 155 crore in Zomato

Upon completion of the allotment of shares, Info Edge's aggregate investment in Zomato will be about Rs 484 crore. 

Info Edge (India), through its wholly owned subsidiary, has invested an amount of Rs 1.55 bn (Rs 155 crore) in Zomato, being Info Edge's proportionate share of Zomato's recent fund raise of USD 50 million.

Upon completion of the allotment of shares, Info Edge's aggregate investment in Zomato will be about Rs 484 crore. 

Info Edge, along with its wholly-owned subsidiary will continue to hold, on a fully converted and diluted basis, 50.1 per cent of Zomato.

No comments:

Post a Comment