Softbank bought 1.16 percent stake in Zomato for Rs. 947 crores was sold

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Softbank bought 1.16 percent stake in Zomato for Rs. 947 crores was sold

Zomato.

New Delhi:

Japan’s SoftBank on Wednesday bought 1.16 per cent stake in online food booking and delivery company Zomato in an open market transaction for Rs. 947 crores was sold. According to National Stock Exchange data, SoftBank sold its stake in Zomato through its subsidiary SVF Growth (Singapore).

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Through bulk deals, SVF Growth sold 10,00,00,000 shares, equivalent to 1.16 percent stake in Zomato. The shares were sold at Rs.94.70.

Its buyers include Aditya Birla Sun Life Mutual Fund (MF), Axis MF, Franklin Templeton MF, Kotak Mahindra MF, Societe Generale, Morgan Stanley Asia Singapore, Nomura Singapore, Goldman Sachs and Ghisallo Master Fund.

After this, SoftBank’s stake in Zomato has come down from 3.35 percent to 2.19 percent.

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