Zomato block deal: Alibaba to sell shares worth $200 million tomorrow
- On Tuesday, shares of Zomato closed 1.63% lower at ₹63.35 apiece from the previous day's close on the NSE
Chinese e-commerce giant Alibaba Group Holding Ltd is planning to sell a stake of around 3% in food delivery platform Zomato Ltd worth $200 million through a block deal, Reuters quoted a report as saying on Tuesday. Wall Street brokerage Morgan Stanley would be the broker to the deal, according to reports.
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