Alipay Singapore Holding exits Zomato, sells 3.44% stake worth Rs 3,337 crore

Alipay Singapore Holding, a subsidiary of the Chinese e-commerce powerhouse Alibaba, divested its entire 3.44% stake in Zomato, the online food delivery aggregator, for Rs 3,337 crore. This move involved the sale of over 29.60 crore Zomato shares in 31 transactions on the BSE. According to block deal data from BSE, Alipay Singapore Holding sold a total of 29,60,73,993 shares, representing a 3.44% stake in Zomato. The shares were unloaded at an average price of Rs 112.7 each, resulting in a total transaction value of Rs 3,336.75 crore.

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