SoftBank’s Swift Exit from Zomato

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Profitable Move

SoftBank gains Rs 100 crore profit from Zomato stake sale, plans complete exit through open market soon

Upcoming Offload

SoftBank's 2.18% stake in Zomato to be sold via block deals in near future

Profit Details

Selling 10 crore Zomato shares at average Rs 94.70, SoftBank pockets Rs 10-12 profit per share

Acquisition Connection

SoftBank obtained Zomato stake post Blinkit acquisition (formerly Grofers) in June 2022

Market Performance

Zomato shares rise by over 68% in 2023, with a 5.4% increase on Wednesday