Private Equity

Liquidity Events

SoftBank offloads 1.06% stake in Zomato for Rs.1,127-Cr

INC42  

SoftBank has sold 9.35 crore shares of listed food delivery services firm Zomato in a block deal worth INR 1,127 crore. SoftBank's arm SVF Growth (Singapore) sold 1.06% stake in the company at INR 120.5 apiece. SVF Growth (Singapore) held a 2.17% stake in Zomato at the end of September 2023, owning 18.71 crore shares. It sold 1.09% stake in the company in October for INR 1,040.5 crore. Earlier, SVF Growth offloaded 1.15% stake in Zomato for INR 947 crore in August 2023.