SoftBank offloads 1.1% stake in Zomato for Rs 1,125 cr; Goldman Sachs, Fidelity among buyers

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Key Points

According to exchange data, Softbank has offloaded 9.35 crore shares in the company at Rs 120.5 apiece..

Through the deal, prominent investors, including Citigroup, Fidelity Investment, Goldman Sachs, Invesco MF, ICICI Pru Life, Morgan Stanley and others picked up shares in the company.ETtech..

SoftBank sold 1.08% stake in food delivery company Zomato through block deals on Friday..

SoftBank has been gradually paring stake in Zomato post the lock-in for Blinkit deal ended in August..

A majority of these shares are owned by just three venture capital investors, namely, SoftBank, Sequoia and Tiger Global...

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