Big Zomato investor to offload $373 mn shares2 min read . Updated: 03 Aug 2022, 12:41 AM IST
The shareholder, whose name was not disclosed in the deal terms, is selling 612.2 million shares representing 7.8% shareholding in Zomato at a price range of ₹48-54 per share, a 2.8-13.6% discount to the ₹55.55 closing price of the stock on Tuesday, according to the deal terms
MUMBAI : A large Zomato Ltd shareholder, likely Uber, has put up shares worth at least $373 million for sale through a block deal, according to deal terms seen by Mint, even as the food aggregator’s shares surged the maximum daily limit of 20% on Tuesday.
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