Zomato, India's leading online food delivery company, is likely to raise Rs 8,500 crore through a qualified institutional placement (QIP). The company's board is set to review the proposal on October 22, alongside its quarterly results, according to sources quoted by CNBC-TV18. Zomato may also apply to the Reserve Bank of India to limit Foreign Institutional Investors (FII) shareholding at 49%, as current foreign ownership is 50.48%. The move could help increase domestic shareholding above 50%. Zomato has yet to comment on the report.