Announced Wed, 22 Jul · 18:29 IST
Eternal files QIP utilization monitoring report for Q1 FY27
Fund Raising View source PDF
ETERNAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
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AI summary
Eternal Limited (formerly Zomato) filed ICRA monitoring report for Q1 FY27 on its QIP proceeds. The QIP raised Rs 8,500 crore in Nov 2024 at Rs 252.62 per share. Of Rs 8,436 crore net proceeds, Rs 6,353 crore utilized so far including Rs 754 crore this quarter. Dark stores spending fully complete. Remaining Rs 2,083 crore parked in bank FDs, corporate deposits, government securities and liquid funds earning 7-8 percent. No deviation from stated objects.
Likely market impact
Confirms disciplined deployment of QIP funds with no deviation from disclosed purpose, remaining funds earning healthy interest income for shareholders.