Shares of Zomato opened 2.5 percent higher on October 20 after a block deal worth Rs 1,040.50 crore involving a 1.1 percent stake in food aggregator took place on the exchanges.
Around 9.30 crore shares changed hands at an average price of Rs 111.2 apiece, a marginal discount to the October 19 closing price of Rs 111.65.
At 09.20 am, shares of Zomato were trading around a percent higher at Rs 112.70 on the NSE.
Moneycontrol had reported that Softbank was looking to sell half of its residual position, around 1.1 percent stake, in Zomato through the block deal route to mop up around Rs 1,000 crore.
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According to the company's latest shareholding data, SoftBank held a 2.2 percent stake in Zomato through its entity SVF Growth (Singapore) Pte.
The Japanese investment bank, one of the biggest investors in India's new-age companies, had in August sold shares worth Rs940 crore in Zomato through a block deal. The private equity firm has been on a selling spree in recent months, booking profits off its many investments in the Indian new-tech space.
The firm also offloaded a 2.5 percent stake in Policybazaar parent PB Fintech for Rs 876 crores earlier this month.
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