Antfin Singapore to sell Zomato shares worth $408 million via block deal: Report

August 19, 2024

Antfin currently holds 4.3% stake in the food delivery platform. At the floor price, the shares will be available for sale at a discount of 4.6% over Monday’s closing price of Rs 263.24 on the NSE. Zomato’s shares rose 6% intraday following UBS’s target price hike. The company posted a substantial increase in profit and revenue for the June quarter, doubling its market capitalization in 2024.

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