Zomato shares fall 2% after Antfin Singapore likely offloads 2% stake via block deal

August 20, 2024

Shares of food aggregator Zomato dropped 2% to a day’s low of Rs 257.10 on the BSE in the early trading session following reports that Antfin Singapore sold a 2.4% stake in the company through a block deal. Approximately 21 crore shares, equating to a 2.4% stake, were traded in this deal. The identities of the official parties involved in the transaction have not yet been revealed.

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