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Zomato shares plunge over 4% on block deal worth Rs 622 crore

Economic Times

Economic Times · 2y ago

Zomato shares plunge over 4% on block deal worth Rs 622 crore

Zomato shares plunged over 4% following a block deal that saw equity worth Rs 621.68 crore changing hands. The transaction involved 4.50 crore shares at a price of Rs 138.15 per share. While the details of the buyers and sellers are unknown, the deal took place at a 1% discount. Zomato's stock has rallied over 220% since hitting a 52-week low in January 2023, driven by strong quarterly earnings and improved profitability.

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Societe Generale, Morgan Stanley and others buy Zomato shares worth Rs 635 crore via block deals

Economic Times

Economic Times · 1y ago

Societe Generale, Morgan Stanley and others buy Zomato shares worth Rs 635 crore via block deals

Zomato experienced several block deals worth Rs 635 crore on Tuesday, with Societe Generale emerging as the top buyer, purchasing shares worth Rs 290 crore. Other notable buyers included Goldman Sachs Investments and Morgan Stanley Asia Singapore. The only seller was Motilal Oswal Mutual Fund, selling over 2.84 crore shares for Rs 646 crore. Zomato shares closed at Rs 218.35 on Tuesday, down 4.71% from the previous day. The recent platform fee increase to Rs 6 per order in key markets has attracted attention. Zomato shares have shown a significant upward trend, gaining around 175% in the past year.

SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr

Entrackr

Entrackr · 11d ago

SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr

SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr SBI Mutual Fund picked up an additional 4% stake in Urban Company through bulk and block deals on Tuesday worth Rs 632 crore across the NSE and BSE, which led the company’s shares to soar over 16%. According to bulk and block deal data, SBI Mutual Fund purchased 3.51 crore shares at Rs 109.85 apiece on the NSE and 2.25 crore shares at Rs 109.83 per share on the BSE, which together amounted to around Rs 632 crore. On the selling side, Wellington Hadley Harbor AIV Master Investors, DF International Partners, and ABG Capital offloaded a combined 4.6% stake worth Rs 734 crore, with ABG Capital selling 1.74 crore shares for Rs 191.2 crore, DF International Partners exiting via sale of 1.77 crore shares worth Rs 193.9 crore, and Wellington Hadley Harbor AIV Master Investors (Cayman) III divesting a 2.2% stake through multiple transactions worth Rs 349.2 crore. SBI Mutual Fund held a 1.89% stake in Urban Company as of December 2025, which rose to around 5.9% after the bulk purchases. In Q3 FY26, Urban Company reported a consolidated net loss of Rs 21 crore and an adjusted EBITDA loss of Rs 17 crore, largely due to heavy investment in its InstaHelp vertical, which crossed 50,000 daily bookings within a year of its pilot launch in March 2025. Urban Company’s share is trading at Rs 127.7 per share as of 2:22 PM (today), with a market capitalization of Rs 18,657 crore (around $2 billion).

Zomato Shares Jump Over 5% Amid Block Deal Buzz

Inc42 · 2y ago

Zomato Shares Jump Over 5% Amid Block Deal Buzz

Zomato shares saw a rally, hitting INR 99.50 per share on the BSE. Around 10 crore shares, equal to a 1.17% stake in the company, were traded in a block deal at an average floor price of INR 94.70 per share, totaling about INR 947 crore. Investment firm Tiger Global exited by selling 12.24 crore shares, worth INR 1,123.84 crore, while SoftBank was reportedly considering selling additional shares. Zomato posted a Q1 FY24 consolidated profit of INR 2 crore and expanded its platform fee to achieve profitability.

SoftBank to offload 1.1% stake in Zomato worth Rs 1,024 crore via bulk deal

Economic Times

Economic Times · 2y ago

SoftBank to offload 1.1% stake in Zomato worth Rs 1,024 crore via bulk deal

Japanese tech giant SoftBank is reportedly set to sell a 1.1% stake in food delivery company Zomato for around Rs 1,024 crore. This block deal follows a previous sale in August and is part of SoftBank's strategy to reduce its stake in the company. Zomato shares closed down 2% at Rs 111.40 on NSE.

Tencent halves stake in PB Fintech via Rs 695 Cr block deal

Entrackr

Entrackr · 23d ago

Tencent halves stake in PB Fintech via Rs 695 Cr block deal

Tencent Cloud Europe BV, an affiliate of Chinese internet giant Tencent, offloaded a portion of its stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a block deal on Friday. According to bulk deal data on the stock exchange, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at Rs 1,435.10 per share, taking the total transaction value to around Rs 694.65 crore. Prior to the transaction, Tencent Cloud Europe held 97,48,750 shares, representing 2.12% stake in PB Fintech. Following the block deal, its holding reduced to 49,08,311 shares, or 1.06% in the company. Several institutional investors participated in the block deal. DSP Mutual Fund acquired 3,25,643 shares worth Rs 46.73 crore, while Mirae Asset Mutual Fund purchased 9,00,000 shares valued at Rs 129.15 crore. Meanwhile, Goldman Sachs entities were among the largest buyers in the transaction. Goldman Sachs Bank Europe SE bought 7,01,249 shares worth Rs 100.63 crore, while Goldman Sachs Bank Europe SE – ODI picked up 5,64,508 shares amounting to Rs 81 crore. Other buyers included Schroder Asian Alpha Plus Fund, which purchased 3,46,958 shares worth Rs 49.8 crore, and Schroder AsiaPacific Fund PLC, which bought 2,57,081 shares valued at Rs 36.9 crore. Société Générale (ODI) and Tata Mutual Fund acquired 7,00,000 shares (Rs 100.45 crore) and 3,45,000 shares (Rs 49.5 crore), respectively. Viridian Asia Opportunities Master Fund also bought 7,00,000 shares for Rs 100.45 crore. This move comes after PolicyBazaar’s quarterly result announcement, in which its revenue increased 32.5% to Rs 1,711 crore in Q3 FY26, while its net profits surged 2.6X to Rs 189 crore in the same period. At the end of the day, PolicyBazaar traded at Rs 1,433.5 with a total market capitalization of Rs 66,327 crore (approximately $7.2 billion).

Motilal Oswal mutual fund offloads 4.5 Cr shares of Zomato in INR 621 Cr block deal

Inc42 · 2y ago

Motilal Oswal mutual fund offloads 4.5 Cr shares of Zomato in INR 621 Cr block deal

Motilal Oswal Mutual Fund has sold 4.5 crore shares of Zomato in a block deal worth INR 621.6 crore. The shares were purchased by BNP Paribas, Citigroup, Goldman Sachs, Morgan Stanley, and Societe Generale. Zomato's shares fell nearly 3% during early trading but ended the session 4.44% lower on the BSE. This comes after HSBC, Goldman Sachs, and Jefferies raised their price targets for Zomato due to expectations of strong growth in its food delivery and quick commerce verticals. Zomato reported profitable quarters in Q1 and Q2 of FY24.

Motilal Oswal MF Dumps 2.8 Cr Zomato Shares; Societe Generale, Goldman Sachs, Others Buy

Inc42 · 1y ago

Motilal Oswal MF Dumps 2.8 Cr Zomato Shares; Societe Generale, Goldman Sachs, Others Buy

Motilal Oswal Mutual Fund sold 2.8 crore shares of foodtech major Zomato in a block deal worth INR 645.8 crore. This move came as Zomato's stock price saw a significant surge. The shares sold by the mutual fund were purchased by institutional investors such as Axis Mutual Fund, Citigroup, Goldman Sachs, and Societe Generale, with the latter buying the highest number of shares for INR 289.7 crore.

Paytm shares plunge 5% on likely block deal

Economic Times

Economic Times · 2y ago

Paytm shares plunge 5% on likely block deal

Paytm shares dropped over 5% after reports of a block deal, causing the stock to reach a day low of Rs 877.15. The company's strong performance has led to a 104% return over the past year, outperforming the Nifty50. Paytm narrowed its losses in the quarter ending September 2023 and reported a 32% YoY increase in revenue. Revenue from the payments segment saw a 28% YoY increase and the gross merchandise value surged by 41%.

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Inc42 · 2y ago

SoftBank offloads 1.06% stake in Zomato for INR 1,127 Cr

Japanese tech investor SoftBank has sold 9.35 crore shares of foodtech giant Zomato in a block deal worth INR 1,127 crore. The shares were sold by SVF Growth (Singapore) at INR 120.5 per share, with buyers including Invesco, ICICI Prudential Insurance, Goldman Sachs, and Morgan Stanley. This latest stake sale suggests that SoftBank has likely completely exited Zomato, following a previous stake sale in October. The move aligns with the trend of international investors divesting from Indian tech companies. Zomato recently reported its second consecutive profitable quarter.

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

Inc42 · 2y ago

Zomato sees INR 1,127 Cr block deal, SoftBank likely seller

In a recent block deal, around 1.06% stake or 9.35 Cr shares of Zomato were exchanged, fetching a total transaction value of INR 1,127 Cr. The buyers and sellers in the deal remain undisclosed. Japanese tech investor SoftBank's SVF Growth is also reportedly looking to offload another 1.1% stake in Zomato, worth $135 Mn. Zomato shares were trading at INR 123.6 apiece, showing a 1.3% increase from its previous close.

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