News Details
Category : NSE Announcements
Headline : Info Edge (India) - Updates
Date: 12/10/2018 19:34
Info Edge (India) Limited has informed the Exchange regarding 'This is to inform you that the Company, as of March 31, 2018, owned about 30.91% of the share capital of Zomato Media Private Ltd. (??Zomato??) on fully converted & diluted basis. In this regard, we would like to bring to your knowledge that Zomato has signed a definitive agreement to undertake a primary fund raise of approximately USD 210 million from Alipay Singapore Holding Pte. Ltd. (which is an existing shareholder of Zomato) and/or any of its affiliates, and upon the closing of this fund raise, our shareholding in Zomato stands reduced to about 27.68% on fully converted & diluted basis.'.