{"id":46168,"date":"2024-12-11T09:36:26","date_gmt":"2024-12-11T09:36:26","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=46168"},"modified":"2024-12-11T09:36:33","modified_gmt":"2024-12-11T09:36:33","slug":"cyril-amarchand-mangaldas-advised-zomato-limited-on-issuance-of-equity-shares-by-way-of-a-qualified-institutions-placement","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/cyril-amarchand-mangaldas-advised-zomato-limited-on-issuance-of-equity-shares-by-way-of-a-qualified-institutions-placement\/","title":{"rendered":"Cyril Amarchand Mangaldas advised Zomato Limited on issuance of equity shares by way of a qualified institutions placement."},"content":{"rendered":"<p><strong>Cyril Amarchand Mangaldas (\u201cCAM\u201d) advised Zomato Limited (\u201cZomato\u201d), on issuance of equity shares aggregating up to INR 8,500 crores by way of a qualified institutions placement (\u201cQIP\u201d).<\/strong><!--more--><span style=\"font-size: 1rem\">The QIP was undertaken by Zomato in compliance with Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (\u201c<\/span><strong style=\"font-size: 1rem\">SEBI ICDR Regulations<\/strong><span style=\"font-size: 1rem\">\u201d) and Section 42 of the Companies Act, 2013.<\/span><\/p>\n<p>Zomato Limited is a\u00a0new-age technology company, building products and providing services that power India\u2019s changing lifestyles, their key business offerings include (a) Food Delivery, (b) Quick Commerce, (c) Going-out and (d) B2B Supplies.<\/p>\n<p>The transaction was led by\u00a0<strong>Yash Ashar,\u00a0<em>Senior <\/em><\/strong><em>Partner;<\/em>\u00a0<strong>Aashima Johur,\u00a0<\/strong><em>Partner;\u00a0<\/em>with support from\u00a0<strong>Amitpal Singh <\/strong>(<em>Principal Associate<\/em>);\u00a0<strong>Dhawal Nirash <\/strong>(<em>Associate<\/em>); <strong>Anomitra Debnath <\/strong>(<em>Associate<\/em>); <strong>Kanika Bhakhna <\/strong>(<em>Associate<\/em>); and <strong>Abhinav Singh Chauhan <\/strong>(<em>Associate<\/em>).<\/p>\n<p>Other parties to the transaction included: <strong>Morgan Stanley India Company Private Limited <\/strong><em>(Acted as Book Running Lead Managers)<\/em>.<\/p>\n<p>The QIP launched on November 25, 2024, and closed on November 28, 2024. The allotment was completed on November 29, 2024.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-46168","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/46168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=46168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}