Antfin Singapore Holdings Pte Ltd is set to sell 2% stake in Zomato for ₹2811.82 crore, sources told CNBC-TV18.
Antfin Singapore, which is an affiliate of Alibaba is expected to sell 17.64 crore shares which is equivalent to 2 % stake in the company.
The floor price of the block deal has been set at ₹159.4 per share which is equivalent to 3.9% discount of the closing price. A lock in period of 90 days has been fixed for Antfin Singapore.
Zomato closed at ₹165.85 on BSE on Tuesday. The multinational restaurant aggregator and food delivery company has a market capitalisation of ₹1.44 lakh crore.
First Published: Mar 5, 2024 6:17 PM IST
