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Zomato IPO: Here is what the company said about legal proceedings

Zomato stated that there were two criminal proceedings involving the company, six legal actions initiated by regulatory and statutory authorities and three related to indirect taxation matters.

April 28, 2021 / 11:36 AM IST
Zomato filed its DRHP with the market regulator on April 28, stating that will offer equity shares aggregating up to Rs 8,250 crore (nearly $1.1 billion).

Zomato filed its DRHP with the market regulator on April 28, stating that will offer equity shares aggregating up to Rs 8,250 crore (nearly $1.1 billion).

Zomato filed its Draft Red Herring Prospectus (DRHP) with the market regulator on April 28, stating that it would offer equity shares aggregating up to Rs 8,250 crore (nearly $1.1 billion).

In the DRHP, the food delivery platform mentioned the legal proceedings the company was involved in. Zomato said there were no material civil proceedings involving the company.

It stated that there were two criminal proceedings involving the company, six legal actions initiated by regulatory and statutory authorities and three related to indirect taxation matters.

In the litigation pertaining to indirect taxation, the amount involved is Rs 963.45 million.