Zomato will seek approval from its board on October 22 to raise additional funds through a public sale of shares to institutional investors, the food and grocery delivery company said in a filing with the stock exchanges Thursday.

The issue price for the QIP was set at Rs 2,962 per share, reflecting a 5% discount from the floor price of Rs 3,117.47 per share, according to the company's exchange filing. The discount remained consistent when compared to Tuesday's closing price of Rs 3,

Adani Enterprises raised Rs 4,200 crore from institutional investors via a QIP. Quant Mutual Fund emerged as the largest investor, pouring in over Rs 1,973 crore into buying Adani Enterprises stock across its various schemes.

Adani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure,

Pte Ltd. and SBI Life Insurance are some of the other institutions, to whom more than 5% of the shares in the Adani Enterprises QIP have been issued.