Urban Company Board Approves Rs 2,500 Crore QIP Fundraising
Urban Company’s board has approved a plan to raise Rs 2,500 crore through a qualified institutional placement (QIP). The company previously raised Rs 472 crore via its IPO in September last year. As of June 30, Urban Company held Rs 2,019 crore in cash, despite losses from its InstaHelp business impacting its overall profitability.
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