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Ant Group sells Zomato shares worth $200 mln via block deal: Source

The development comes months after Uber Technologies sold its 7.8% stake in Zomato for $392 million via a block trade on local exchanges, Reuters reported in August, citing sources.

The deal brings Ant Group's current stake in Zomato to 10%, the source said.

Jack Ma’s Ant Group has sold a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal, a source with direct knowledge of the matter told Reuters.

The deal brings Ant Group’s current stake in Zomato to 10%, the source said.

Ant Group and Zomato did not immediately respond to Reuters requests for comment.

The development comes months after Uber Technologies sold its 7.8% stake in Zomato for $392 million via a block trade on local exchanges, Reuters reported in August, citing sources.

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First published on: 02-12-2022 at 20:47 IST
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