Tiger Global, CPPIB, others invest in Zomato’s $562m anchor allocation ahead of IPO

Photo: Zomato

Online food delivery platform Zomato on Tuesday said that it has raised 4,196 crore from several prominent institutional investors as part of an anchor book allocation, a day ahead of its public offering.

The company informed exchanges that it has allocated 552.17 million equity shares, to anchor investors, at a price of 76 per share, the upper end of its price band of Rs72-76 per share. The Rs9,375 crore Zomato IPO opens for subscription to public market investors on 14 July and will close on 16 July.

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