Key Points
Antfin Singapore Holdings Pte, which is an arm of Chinese Ant Group, divested a 2.1% stake in the Indian food delivery platform Zomato through bulk deals on Wednesday, March 6, according to data available on BSE. ..
The Chinese company held a 6.32% stake in the quick commerce services provider, as of December 2023..
According to data available with the NSE, in December 2023, SoftBank's venture capital fund SVF Growth (Singapore) PTE Ltd divested a 1.1 percent stake in the online food delivery service Zomato..
This divestment follows similar actions taken by SVF Growth in previous months, including the sale of comparable shares in October 2023 at an average price of 111.20 and the divestment of 10,00,00,000 shares in August 2023 at an average price of 94.70..
In November 2023, Alipay Singapore Holding, a subsidiary of the Chinese e-commerce powerhouse Alibaba, divested its complete 3.44% equity stake, amounting to 29,60,73,993 shares, in the online food delivery platform through open market transactions, generating a sum of 3,337 crore..
You might be interested in
Ant Group arm to offload 3.4% stake in Zomato for Rs 3,290 crore
29, Nov, 23According to a term sheet released by the deal broker, BofA Securities, Alipay Singapore Holdings, an entity of the Ant Group, has proposed to sell 296.1 million shares at an offer price of ₹111.28 per share. The offer price is at a 2.2% discount to Zomato's closing price on Tuesday.