Last Updated: August 02, 2022, 18:31 IST
Zomato big block sale expected tomorrow
The price band of the deal will be at Rs 48-54 per share, as per reports
Food delivery aggregator Zomato is expected to see a big block deal on August 3, Wednesday, multiple reports said on Tuesday. The Zomato block deal offer is of around Rs 2,938 crore or $373 million, whereby 7.8 per cent stake at the company or 62.1 crore shares will be sold by the seller.
While there was no disclosure of who the seller was, CNBC TV18 reported that it is likely to be Uber, which also has a 7.8 per cent stake at Zomato. The price band of the deal will be at Rs 48-54 per share, which is a discount of 2.8 per cent to 13.6 per cent as against the current market price. BofA Securities will be the sole bookrunner for the deal, Moneycontrol reported.
(Details to be added soon)
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