Food delivery and aggregator Zomato last week filed for an initial public offering with the SEBI; Zomato's largest shareholder InfoEdge will be divesting a part of its stake for Rs 750 crore through the offer. The company plans to raise Rs 8,250 crore — Rs 7,500 crore of fresh issue and Rs 750 crore of an offer for sale, per the draft red herring prospectus. Of the total fresh issue, the company can raise Rs 1,500 crore by undertaking a pre-IPO placement, while the remaining would be through the IPO route. The offer for sale is by Info Edge, which is an early investor in Zomato and currently the largest shareholder; it will offer shares worth Rs 750 crore. Info Edge's ownership will be locked for one year after the IPO as per SEBI rules. Zomato's business Zomato was founded…
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