Info Edge halves its OFS size in Zomato IPO to Rs 375 crore

Info Edge, a key investor in Zomato has decided to lower the size of its offer for sale (OFS) in the IPO of the food delivery platform.

In a regulatory filing on Sunday, Info Edge NSE -1.05 % (India) said that the Committee of Executive Directors has approved the reduction in the size of the offer for sale by the company.

The Board of Directors of Info Edge had in April approved for its participation in the offer for sale of up to such number of equity shares of Zomato, as would aggregate up to Rs 750 crore.