Zomato rises despite Alipay Singapore divesting 3.07% stake in company
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Zomato is currently trading at Rs. 65.70, up by 0.50 points or 0.77% from its previous closing of Rs. 65.20 on the BSE.
The scrip opened at Rs. 66.30 and has touched a high and low of Rs. 66.55 and Rs. 65.40 respectively. So far 1270840 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 157.80 on 01-Dec-2021 and a 52 week low of Rs. 40.55 on 27-Jul-2022.
Last one week high and low of the scrip stood at Rs. 66.60 and Rs. 62.10 respectively. The current market cap of the company is Rs. 56099.44 crore.
The Institutions and Non-Institutions held 31.87% and 68.14% stake respectively, in the company.
Alipay Singapore, an arm of chinese e-commerce giant Alibaba, has sold 3.07 per cent stake in online food delivery aggregator Zomato for Rs 1,631 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting to 3.07 per cent stake in the company. The shares were offloaded at an average price of Rs 62.06 apiece, taking the transaction value to Rs 1,631.39 crore.
Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.
