Zomato IPO: Info Edge to sell shares worth Rs 750 crore

BENGALURU: Info Edge, an early investor in Zomato, said it will sell shares worth Rs 750 crore in the upcoming initial public offering (IPO) of the online food ordering platform.

In a stock exchange filing on Tuesday night, it said the sale would be through a combination of fresh issue of equity shares by Zomato Limited and an offer for sale (OFS) by Info Edge.

Zomato is expected to file the Draft Red Herring Prospectus (DRHP) for its IPO this week. Info Edge said the terms and conditions of this sale will be specified in the DRHP.