HomeBusinessTiger International sells 2.34% stake in Zomato

Tiger International sells 2.34% stake in Zomato

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New Delhi: Zomato on Thursday mentioned funding agency Tiger International has lowered its stake within the firm by nearly half to 2.77 per cent by promoting over 18.45 crore shares within the open market.

Tiger International’s Web Fund VI Pte Ltd had a holding of 5.11 per cent within the on-line meals supply platform earlier than the sale.

Between July 25- August 2, 2022, the fund bought over 18.45 crore shares aggregating to 2.34 per cent stake within the firm within the open market, Zomato mentioned in a regulatory submitting.

Submit the sale, Web Fund VI Pte Ltd has 2.77 per cent stake in Zomato, it added.

On Wednesday, ride-hailing app Uber had offloaded 61.2 crore shares of Zomato for Rs 3,088 crore by an open market transaction.

The shares had been disposed of at a mean worth of Rs 50.44 apiece, taking the transaction worth to Rs 3,087.93 crore.

Uber picked up the stake in Zomato after the latter acquired its native meals enterprise UberEats in an all-stock deal in 2020.

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