Ant Group arm to offload 3.4% stake in Zomato for Rs 3,290 crore

According to a term sheet released by the deal broker, BofA Securities, Alipay Singapore Holdings, an entity of the Ant Group, has proposed to sell 296.1 million shares at an offer price of ₹111.28 per share. The offer price is at a 2.2% discount to Zomato’s closing price on Tuesday.

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