Antfin Singapore, an affiliate of the Chinese language conglomerate Alibaba Group, is more likely to promote a 1.54% stake in on-line meals supply aggregator Zomato on Tuesday via block offers, aiming to lift round ₹3,400 crore.
In accordance with a time period sheet issued by the bankers Goldman Sachs and Morgan Stanley, Antfin Singapore is providing to promote 136 million shares at a flooring worth of ₹251.68 per share – a 4% low cost to Monday’s closing worth.
As of June 30, 2024, Antfin held a 4.24% stake in Zomato.
Shares of Zomato have rallied 66% to this point this yr, in comparison with an 11% acquire within the Sensex.
In March, Antfin bought a 2% stake in Zomato via the open marketplace for about ₹2,828 crore.
