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Zomato shares drop 5% amid fundraise plans
Business Standard
|October 19, 2024
Shares of food aggregator Zomato fell 5 per cent on the BSE on Friday, a day after the company said it would consider a fundraising plan at its Board meeting next week.
The benchmark BSE Sensex, in comparison, ended 0.27 per cent higher. In a stock exchange filing on Thursday, Zomato informed investors that "a meeting of the board of directors of the company is scheduled to be held on Tuesday, October 22, 2024, inter-alia, to consider and approve raising of funds by issuance of
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