Japanese conglomerate Softbank on Friday divested 1.1 percent stake in online food delivery aggregator Zomato for Rs 1,128 crore in an open market transaction.
After the stake sale, Zomato shares fell 1.27 percent to close at Rs 120.15 apiece on the NSE.
Invesco Mutual Fund (MF), Sundaram MF, Edelweiss MF, ICICI Prudential Life Insurance, Goldman Sachs (Singapore), Morgan Stanley Asia Singapore, Societe Generale, BNP Paribas Arbitrage, Copthall Mauritius Investment and Citigroup Global Markets Investment were among others. Zomato share buyers.
SVF Growth (Singapore) Pte, a subsidiary of Softbank, has sold 9,35,69,368 shares, amounting to a 1.08 percent stake in Zomato, according to the block deal data available with the National Stock Exchange (NSE ).
The shares were sold at an average price of Rs 120.50 each, taking the combined deal size to Rs 1,127.51 crore.
After the latest transaction, Softbank's stake has fallen from 2.17 percent in Zomato to 1.09 percent.
In October, Softbank sold a 1.09 percent stake in online food delivery platform Zomato for Rs 1,040 crore in an open market transaction.
In August, Softbank sold a 1.16 percent stake in Zomato for Rs 947 crore in an open market transaction.
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