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Amit Kumar

Make it work, make i... • 9m

Zomato Block Deal: Antfin Singapore To Offload Shares Worth $408 Mn. Amid Zomato’s bull run on the bourses, Ant Group’s arm Antfin Singapore is reportedly looking to sell the foodtech giant’s shares worth $408 Mn (INR 3,422.84 Cr). As per a report by CNBC-TV18, Antfin Singapore intends to sell 13.6 Cr shares, or a 1.54% stake, via a block deal on Tuesday (August 19). Citing the documents accessed by it, the publication said that the floor price for the block deal has been fixed at INR 251.68 per share, which translates to a 4% discount from Zomato’s closing price of INR 262.3 on Monday. Antfin Singapore Holding held 37.38 Cr shares, or a 4.3% stake, in ZomatoZomato Datalabs_in-article-icon at the end of the June quarter of 2024.

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