Zomato shares worth Rs. 1,040 crore were sold in a block transaction, probably by SoftBank.
Following a block transaction involving 9.30 crore shares of Zomato valued at ₹1,040.50 crore, the company’s shares started higher on Friday. A 1.1% interest in the meal delivery company was reportedly up for sale by SoftBank, according to earlier reports.
Zomato Share Price
Zomato’s stock increased by as much as 2.55% to reach an intraday high of ₹114.5 before reducing gains and closing at ₹112.70.
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