Friday, 24 March, 2023

Alibaba Group Sells 3% Stake In Zomato For ₹ 1631 Crore

<p>In an open market transaction on Wednesday, Alipay Singapore, a division of Alibaba Group Holding Ltd, sold a 3.07% share in the largest online food delivery company, Zomato, for $1,631 crore. Approximately 26,28,73,507 shares, or 3.07% of Alipay Singapore Holding Pte, were sold off, according to bulk deal. The shares of the chinese e-commerce giant Alibaba were offloaded at an average price of ₹62.06 apiece, taking the transaction value to ₹1,631.39 crore.</p>