BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Food aggregator Zomato has filed a draft prospectus with Securities and Exchange Board of India for a ~$1.1 billion issue (Rs 82.5 billion), comprising a fresh issue of Rs 75 billion and an offer for sale of Rs 7.5 billion.
(Info Edge India Ltd. now has an 18.55% stake.)
The company will be utilising Rs 56.25 billion (~75%) of the fresh issue to fund organic (~Rs 30 billion) and inorganic growth (~Rs 26.25 billion).
The rest will be used for general corporate purposes.
The initial public offering will be a test of Indian investors’ appetite for unicorns.
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