Key Points
Japanese investment giant SoftBank, which sold nearly 10 crore shares in Zomato, amounting to an 1.17 per cent of the company's equity, is planning to fully exit the online food delivery platform in next few months...
According to sources, SoftBank has around 2.18 per cent remaining stake in Zomato which it is likely to sell via block deals...
Japanese company SoftBank's SVF Growth Fund was the likely seller in this mega transaction.. Ltd. had 3.35 per cent stake in Zomato, totalling around 28 crore shares...
The fresh block sale came after another foreign institutional investor, Tiger Global Management, offloaded its entire shareholding of 1.44 per cent in Zomato earlier this week...
The VC firm sold around 12.34 crore shares or 1.44 per cent stake in Zomato at an average price of Rs 91.01 per share...
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