Zomato Block Deal

Motilal Oswal MF rakes in Rs 622-crore profit via stake sale in Zomato, 5 FPIs pick shares

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Motilal Oswal MF rakes in Rs 622-crore profit via stake sale in Zomato, 5 FPIs pick shares

MUMBAI – Motilal Oswal Mutual Fund on Monday sold a partial stake in online food delivery aggregator Zomato through the open market, and raked in a profit of Rs 622 crore. The domestic mutual fund firm sold 4.5 crore shares or 0.5% stake in Zomato at Rs 138.15 a share, according to block deals data … Read more

Uber sells 7.8% stake in Zomato via block deals

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Uber sells 7.8% stake in Zomato via block deals

Mumbai: Uber Technologies exited its entire 7.8% stake in food delivery platform Zomato by selling 612 million shares through multiple block deals on Wednesday. The American mobility service provider raised around ₹3,088 crore or $390 million at nearly 100% profit. In January 2020, had acquired Uber Eats’ India operations in a non-cash deal, following which … Read more