Softbank Vision Growth Fund sells 1.17% stake in Zomato for ₹947 crore deal | Company Business News
Summary
SoftBank Vision Growth Fund sold a 1.17% stake in Zomato for about ₹947 crore through bulk deals on the National Stock Exchange. The buyers included institutions such as the IMF, Morgan Stanley Asia Singapore, Societe Generale, Goldman Sachs Singapore, Invesco Mutual Fund, and Kotak Mahindra Life Insurance. The article also notes that SoftBank, Tiger Global, and Sequoia received Zomato shares during the Blinkit acquisition process. It adds recent financial results showing Zomato moved to a net profit and grew revenue year over year, while the stock rose sharply in 2023.
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