The media reported on Wednesday morning that a shareholder, Antfin Singapore Holdings Pte, an arm of the Chinese Ant Group, was looking to sell up to 2% of the company, or 17.64 crore shares, for Rs 2,800 crore through a block deal today. This meant that shares of Zomato Ltd. would be in focus.
According to a CNBC-Awaaz report, the block deal's floor price has been set at Rs 159.40 per share, which represents a 4% discount to Zomato's current market price. The information could not be independently verified by Business Today.
SoftBank's venture financing vehicle SVF Growth (Singapore) PTE Ltd sold its 1.1% share in the online meal delivery company Zomato in December 2023. 9,35,69,368 Zomato shares were sold by SVF Growth at an average price of Rs 120.50. According to information provided by the NSE, it sold 10,00,00,000 shares in August 2023 at an average price of Rs 94.70 and comparable shares in October 2023 at an average price of Rs 111.20.
Additionally, in November 2023, Alipay Singapore Holding—the subsidiary of the massive Chinese e-commerce company Alibaba—sold all 29,60,73,993 shares, or 3.44%, of the online meal delivery aggregator for a total of Rs 3,337 crore through open market transactions.
A number of companies purchased Zomato shares, including ICICI Prudential Life Insurance Company, Morgan Stanley, India Acorn ICAV, Société Generale, Government of Singapore, Monetary Authority of Singapore, Goldman Sachs (Singapore) Pte, Government Pension Fund Global, and Veritas Asset Management.
