Bulk Deals: China’s Antfin sells over 2% stake in Zomato for ₹160.40 per share

News Snapshot:

Antfin Singapore Holdings Pte, which is an arm of Chinese Ant Group, divested a 2.1% stake in the Indian food delivery platform Zomato through bulk deals on Wednesday, March 6, according to data available on BSE . Antfin offloaded a total of 176.4 million shares of the company within the price range of ₹160.11 to ₹160.40 per share. The Chinese company held a 6.32% stake in the quick commerce services provider, as of December 2023. On the other hand, Morgan Stanley acquired 56.8 million shares of Zomato at a price of ₹160.10 per share, the data revealed. According to data...