Zomato, backed by China’s Ant Group, filed for the IPO in April and is said to be looking to raise up to $1.2 billion. SEBI is likely to give the official approval this Monday for the IPO.
The Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) application of food delivery company Zomato, paving the way for one of the most keenly awaited share sales in recent history.
Zomato, backed by China’s Ant Group, filed for the IPO in April and is said to be looking to raise up to $1.2 billion. SEBI is likely to give the official approval this Monday for the IPO, a person familiar with the matter told Moneycontrol.
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