ETERNAL LIMITED — QIP/Rights/Pref., 29-11-2024: Qualified Institutional Placement

Zomato Limited has announced a Qualified Institutional Placement (QIP) to raise funds by issuing 33,64,73,755 equity shares at an issue price of ₹ 252.62 per share, which includes a premium of ₹ 251.62. This price reflects a 5% discount to the floor price of ₹ 265.91. The QIP closed today and the placement document has been adopted. The proceeds from this issue are expected to bolster the company’s financial position and support its growth initiatives.