Zomato shareholders approve Rs 8,500 crore QIP plan

Zomato shareholders have overwhelmingly approved a plan to raise ₹8,500 crore ($1 billion) through a new share sale. The move aims to bolster the Indian food delivery giant’s finances amid fierce competition in the rapidly expanding quick-commerce sector.

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Nifty has support around 22,200 and banking index support is near 47,800. The market shows significant corrections with FIIs lacking buying interest. Coal India and