Amid Zomato’s bull run on the bourses, Ant Group’s arm Antfin Singapore is reportedly looking to sell the foodtech giant’s shares worth $408 Mn (INR 3,422.84 Cr) 👇

Antfin Singapore intends to sell 13.6 Cr shares, or a 1.54% stake, via a block deal on Tuesday (August 19).

The publication said that the floor price for the block deal has been fixed at INR 251.68 per share, which translates to a 4% discount from Zomato’s closing price of INR 262.3 on Monday.

Antfin Singapore Holding held 37.38 Cr shares, or a 4.3% stake, in Zomato

at the end of the June quarter of 2024.

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Credit - Inc42 Media