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Reportedly, the shares might be offered at a value of Rs 120.50 per share. (Consultant picture)
As of September-end SoftBank held 2.17 % within the meals supply companies supplier.
SoftBank is reportedly planning to promote one other chunk of its Zomato shares via a block deal, value roughly $135 million (round Rs 1,125.5 crore).
Based on a report by CNBC TV-18, the shares might be offered at a value of Rs 120.50 per share.
It was not instantly clear who would be the consumers on this transaction, the report added.
In October, SoftBank, via its affiliate SVF Progress Singapore Pte, accomplished a bulk deal promoting a 1.09 % fairness stake in Zomato for Rs 1,040.5 crore. This transaction adopted a 1.17 % stake sale in Zomato in August.
As of September-end, the newest information reported by Zomato, SoftBank nonetheless holds a 2.17% stake within the meals supply firm.
SoftBank has been divesting its holdings in Indian revolutionary firms prior to now few months, with the funding agency additionally disposing of a good portion of its stake in Paytm.
Up to now this yr, share value of Zomato has jumped 102 %. Although the inventory continues to be far-off from all time excessive of Rs 169.
Earlier within the day, Zomato’s inventory closed at Rs 121.80, up 2.44 % on BSE.
