Friday, 24 March, 2023

Uber to sell its 7.8% share in online food ordering service Zomato

<p>In order to generate up to Rs 3,300 Cr ($420M), Uber Technologies is set to sell its 7.8% share in online food ordering service Zomato through a block deal. The sale price has been set at Rs 48 to Rs 54 per share, a discount of 2.8 to 13.6% from the National Stock Exchange&#39;s closing price of Rs 55.55. The sale might bring in as little as Rs 2,939 Cr, or $373M, at the bottom end of the price range.</p>