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3.4% of Zomato stake changes hands in block deals as Alibaba sells shares

While the buyers and sellers were not known, sources said Alibaba pared its stake from 13% to 10%, selling shares worth $200 million through subsidiaries Ant Financial and Alipay

November 30, 2022 / 01:09 PM IST
 
 
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Restaurant aggregator and food delivery unicorn Zomato saw multiple bunch trades on November 30 morning, with 27.36 crore shares changing hands at an average price of Rs 64 apiece.

While the buyers were not known, Bloomberg reported that Alipay Singapore sold more than 26 crore shares and raised $200 million.

At 930 am, the stock was quoting at Rs 63.70 and was trading flat on the National Stock Exchange. It was the most active stock on the exchange with a trading volume of 341,558,894.

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