Zomato's Qualified Institutional Placement QIP has opened. The floor price for this QIP has been fixed at Rs 265.91 per share. In an exchange filing, the company said that this floor price is 2.8 per cent lower than the current market price of the share. The company wants to raise Rs 8,500 crore through QIP. Zomato said that the fund raising committee of its board has approved the opening of the issue today i.e. November 25, 2024. The company will raise funds for dark stores and warehouses, which will aid in the expansion of its quick commerce unit Blinkit.

Food delivery aggregator Zomato Limited on Saturday (November 23) informed that its shareholders have approved a proposal to raise funds through Qualified Institutional Placement (QIP). The company had said that the purpose of raising funds is to strengthen the balance sheet at this time. Last month, the Zomato board approved raising up to Rs 8,500 crore through Qualified Institutions Placement (QIP). Stock performance The company's stock saw a great performance on Monday. The company's stock closed at Rs 272.90 with a gain of 3.29 per cent. In the last one year, the company's stock has seen a gain of 139.81 per cent. The 52-week high of the stock is Rs 298.25. Zomato will be included in the BSE benchmark Sensex from December 23, after which Zomato shares saw a gain of about 4 per cent on Monday. Disclaimer: The advice or views given on CNBC TV18 Hindi/CNBC Awaaz are the personal views of the expert/brokerage firm. The website or management is not responsible for this. Before investing, you must take the advice of your financial advisor i.e. a certified expert.