Zomato stock rallies as SoftBank offloads 10 crore shares in a block deal

SoftBank Vision Fund is offloading 10 crore shares in Zomato in a block deal worth Rs 940 crore. The sale follows the complete exit of Tiger Global from Zomato. Zomato shares rallied 73% in the last six months and the company's market cap breached the $10 billion mark. Shares of Zomato were trading 3.7% higher at Rs 98.20 on August 30 in early morning trade.