Zomato Shares Worth ₹5,438.50 Crore Sold in Block Deal

On August 20, a significant block deal involving shares of the food aggregator Zomato took place, with shares worth ₹5,438.50 crore being sold. The likely seller in this transaction was Antfin Singapore Holding, a subsidiary of the Alibaba Group.

Details of the Zomato Shares Transaction:

According to a report by Moneycontrol, 21 crore shares, representing a 2.4% stake in Zomato, were exchanged during the deal. The transaction was executed at a floor price of ₹258 per share, which reflected a discount of nearly 2% from Zomato’s previous closing price.

Prior to this transaction, CNBC-TV18 reported that Antfin Singapore Holding was looking to sell a 2% stake in Zomato, with the shares valued at approximately $556 million (₹4,650 crore). Initially, reports indicated that Antfin planned to offload a 1.54% stake, valued at $408 million.

Impact on Zomato Shareholding:

According to Zomato’s latest shareholding data, Antfin Singapore Holding held a 4.3% stake in the company.

Following this stake sale, a 90-day lock-in period will be imposed, preventing Antfin from conducting further equity dilution.

Context and Market Response:

This stake sale follows Zomato’s impressive quarterly earnings. The company reported a net profit of ₹253 crore for the April-June quarter—a 126.5-fold increase compared to the same period last year.

This surge in profit was driven by higher platform fees charged to consumers and improved operational profitability in Blinkit, its quick commerce division.

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