Today news
About the same in other media
Antfin looks to sell 2% in Zomato
Reading now: 802
Antfin Singapore Holding is looking to sell up to 2% stake in Zomato through large deals in the open market. The Ant Group will sell the shares at ₹159.4, which is at a near 4% discount to Tuesday's closing price of ₹165.8 on the NSE.
Antfin, an affiliate of the Chinese Alibaba Group, held a 6.42% stake in the company as on December-end.
News of the stake sale by Antfin comes just a day after the shares hit their all-time high of ₹175.6 on Monday.
The shares have gained more than 34% so far in 2024, after having more than doubled in 2023. The stake sale by Antfin is expected to bring in ₹2,800 crore for them.
Read more on economictimes.indiatimes.comAbout this in other media
Is Warren Buffett selling more Apple stock? investing.com /9 months ago
How China’s Aggressive Sea Tactics Look From the Deck of an Opposing Ship livemint.com /9 months ago
Socks to Watch: Zomato, Coal India, Samvardhana Motherson, BHEL, Adani Green Energy livemint.com /9 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
