Zomato shares worth Rs 5,438 cr sold in block deal, Antfin likely seller

Zomato’s shares valued Rs 5,438.50 crore were sold in a block deal on Tuesday, with the deal later being upsized. Antfin Singapore Holding, a subsidiary of Alibaba Group, is believed to be the seller in this transaction, according to a report by Moneycontrol.

The deal saw the transfer of 21 crore shares, equating to a 2.4 per cent stake in the online food delivery company. These shares were sold at a floor price of Rs 258 each, representing a nearly 2 per cent discount from the stock’s previous closing price.