Large cap stock down by 5.6% after it plans to raise funds via QIP

Food Aggregator shares fell by around 5.6% in the opening trade and touched their day’s low of Rs. 256 on BSE after the company’s board issued a report and announced a meeting on 22nd October.  Zomato plans to consider fundraising through equity share issuance through qualified institutions placement (QIP) subjected to Shareholder’s approval. Further, the … Continue reading Large cap stock down by 5.6% after it plans to raise funds via QIP