Motilal Oswal Mutual Fund Divests Stake in Zomato

Motilal Oswal Mutual Fund on Tuesday divested its stake in online food delivery aggregator Zomato for ₹646 crore through an open market transaction.

Block Deal Data on Motilal Oswal:

According to the block deal data available on the National Stock Exchange (NSE), Motilal Oswal Mutual Fund (MF) sold more than 2.84 crore shares or 0.3 percent stake in Gurugram-based Zomato.

The shares were disposed of at an average price of ₹226.85 apiece, taking the transaction value to ₹645.84 crore.

Buyers of Zomato’s Shares:

Axis Mutual Fund, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, Goldman Sachs, Matthews Asia, Morgan Stanley, Hong Kong-based Optimas Capital Management, and investment management firm Polar Capital were among the buyers of Zomato’s shares.

Shares of Zomato plunged 4.71 percent to close at ₹218.35 apiece on the NSE.

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