Antfin Singapore, part of Alibaba Group, arranged to sell a 1.54% stake in Zomato on Tuesday through block deals, anticipating raising around ₹3,400 crore. The shares were priced at ₹251.68 each, a 4% discount to the previous closing price. Antfin previously held a 4.24% stake and had sold a 2% stake earlier this year.
S&P 500 loses $2.4 trillion in market value, biggest one-day loss since 2020
The S&P 500 ended down almost 5% after U.S. President Donald Trump’s sweeping tariffs ignited fears of an all-out trade war and a global economic