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

Economic Times · 1y

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.