The Alibaba Group owns a 9.83 percent stake in Zomato through its two affiliates — Antfin Singapore Holding Pte and Alipay Singapore Holding Pte
A total of 29.6 crore shares would be sold by Alipay, at a price of Rs 111.28 apiece, according to sources
Shares of Alibaba.com Ltd rose to a two-week high on Monday after its parent, Chinese e-commerce firm Alibaba Group, forged a complex deal with SoftBank Corp and Yahoo Inc over mobile payments unit Alipay.