A significant block deal took place on August 20 involving Zomato’s shares, where approximately ₹5,438.50 crore worth of shares were sold. The likely seller in this transaction was Antfin Singapore Holding, a subsidiary of the Alibaba Group. The deal involved 21 crore shares, representing a 2.4 percent stake in Zomato. These shares were sold at a floor price of ₹258 each, which is about a 2 percent discount from the stock’s previous closing price.
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As a result of this deal, Zomato’s share price experienced a minor decline, falling by over 1 percent. By 9:21 AM, the shares were trading at ₹259.20 on the NSE.