Online food aggregator Zomato on Tuesday reported over 30 per cent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in the previous quarter (Q1 FY25).
The firm will seek the approval of shareholders at the ensuing annual general meeting scheduled to be held on 24 June, it said.
With this QIP, government shareholding in the bank has come down to 82.50 pc from 90.34 pc earlier. The bank scrip was trading at Rs 66.75 apiece on BSE
AU Bank intends to use the net proceeds for supporting long-term growth aligned to the bank's internal risk appetite.
Earlier this week, the bank had set the floor price for the issue at Rs 103.50 apiece.
As a result of these disruptions, "we estimate that GDP in fiscal 2020 (ending March 2021) will contract by four per cent".
On Tuesday, bank’s shares ended at Rs 1,152.45, down 0.67% on the BSE.
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