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01-01-1970 12:00 AM | Source: Angel Broking Ltd
Info edge India ltd has filed for the IPO of its subsidiary company Zomato Ltd By Yash Gupta, Angel Broking
News By Tags | #5948 #607 #1462 #442 #6174

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Below are Views On Info edge India ltd has filed for the IPO of its subsidiary company Zomato Ltd By Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd 

Info edge India ltd has filed for the IPO of its subsidiary company Zomato Ltd. It will going to be first food delivery company to be listed on Indian stock exchanges, Zomato has seen a exceptional growth in Indian in last couple of year but at this point in time business has come down due to as several states are in lockdown or several restrictions in many states due to covid19 2nd wave in India. Info edge has proposed an IPO of Zomato Ltd comprising a fresh issue as well as offer for sale from parent company Info edge India ltd. Board has approved the offer for sale of ₹7,500 crores in Zomato Ltd.

This will be a very positive development for the Info Edge

 

Above views are of the author and not of the website kindly read disclaimer

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