Zomato Receives Sebi Nod For IPO, To Hit The Markets Soon

Food delivery giant Zomato has received nod from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) at a time when food delivery has witnessed a surge amid the second wave of the COVID-19 pandemic. The IPO will comprise a fresh issue of Rs 7,500 crore and an offer for sale of Rs 375 crore by existing investor, Info Edge. The shares are likely to be listed on BSE and NSE.