Info Edge to sell stake worth ₹750 cr in Zomato-IPO

Bengaluru: In its official submission to the Bombay Stock Exchange (BSE), Info Edge India Ltd., on Tuesday said that it will be selling its stake worth ₹750 crore in Zomato’s upcoming public offering.

The foodtech platform is expected to file its draft red herring prospectus by tomorrow morning, told one of the individuals aware of the discussion to Mint.

“The Board of Directors of the Company today considered and have given their approval to the Company to participate in the said Offer for Sale of up to such number of shares of Zomato Limited as would aggregate upto ₹ 7,500 million,