Private Equity

Liquidity Events

Alibaba sells Zomato shares worth Rs.1,631-Cr; registers 3x return, Temasek buys 1.1% stake in Zomat

Stock Exchange Data   Economic Times  

Alibaba, via Alipay Singapore Holding Pte Ltd, has sold a 3.07% stake in the publicly-listed food delivery firm Zomato, realising INR 1,631.39 crore. Post the sale, Alibaba would hold 9.90% stake s in Zomato. In a separate deal, Temasek Holdings - the investment firm promoted by the Government of Singapore - has bought a 1.1% stake worth INR 608 crore in Zomato.

From the Venture Intelligence PE-VC Deal Database: Alibaba had first invested INR 1,293.28 crore for a 18.44% stake in Zomato in Feb 2018.. Subsequently it invested more. Zomato went public in July 2021 at INR 76 per share.