Wed, Nov 29, 2023
Zomato Ltd shares surged 4% on November 29, driven by a massive block deal. A total of 29 crore shares were traded at Rs 112 per share, amounting to Rs 3,248 crore. Alipay Singapore Holding Pte Ltd was the likely seller, offloading its entire 3.44% stake in the company. The block deal was executed at a 2.2% discount to Nov 28's closing price of Rs 113.80. Zomato's stock has gained nearly 90% year-to-date.
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Fri, Feb 03, 2017
An official announcement on the deal is likely to be made in coming weeks.
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