Popular food delivery platform, Zomato, saw a rally of 5% in its share prices on August 28th. Swipe for more >>
Monday morning saw the share prices of Zomato reach a high of Rs. 96 on BSE amid reports of block deals in the shares. Share prices jumped as high as 5.56%.
According to reports by CNBC-TV18 around 3.2 crore Zomato shares worth Rs. 288 crores changed hands in the block deal at Rs. 90.10 per share. The buyers and sellers are unknown.
Japan's SoftBank which holds 3.35% stake in Zomato was likely to sell shares through a block deal post-lock-in period of the Blinkit deal expired in Aug’25.
Zomato shareholders have had a great year so far as share prices have soared by 56% this year, while in the 1-year period, the stock is up by 50%.
Source – Live Mint