Zomato Receives Shareholders Nod To Raise INR 8,500 Cr Via QIP.

Around 99.79% of the shareholders voted in favour of the resolution.

This comes after the company last month issued a notice of a postal ballot seeking approval of Zomato’s shareholders.

Besides this, stakeholders also approved the implementation of multiple ESOPs (2018, 2021, 2022, and 2024) and interest free loans to the Foodie Bay Employees ESOP Trust.

Credit:inc42.com