Cyril Amarchand Mangaldas (“CAM”) advised Zomato Limited (“Zomato”), on issuance of equity shares aggregating up to INR 8,500 crores by way of a qualified institutions placement (“QIP”). The QIP was undertaken by Zomato in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Section 42 of the Companies Act, 2013.
Zomato Limited is a new-age technology company, building products and providing services that power India’s changing lifestyles, their key business offerings include (a) Food Delivery, (b) Quick Commerce, (c) Going-out and (d) B2B Supplies.
The transaction was led by Yash Ashar, Senior Partner; Aashima Johur, Partner; with support from Amitpal Singh (Principal Associate); Dhawal Nirash (Associate); Anomitra Debnath (Associate); Kanika Bhakhna (Associate); and Abhinav Singh Chauhan (Associate).
Other parties to the transaction included: Morgan Stanley India Company Private Limited (Acted as Book Running Lead Managers).
The QIP launched on November 25, 2024, and closed on November 28, 2024. The allotment was completed on November 29, 2024.
