Zomato Sees Rs 5,438.50 Crore Block Deal as Antfin Singapore Likely Sells Stake

- Zomato's shares worth Rs 5,438.50 crore were sold in a block deal on August 20, with Antfin Singapore Holding likely being the seller. - The transaction involved 21 crore shares, representing a 2.4 percent stake, sold at a floor price of Rs 258 apiece, a nearly 2 percent discount over the previous closing price. - Following the deal, Zomato's shares fell over 1 percent, trading at Rs 259.20 on the NSE at 09.21 am. - Antfin Singapore Holding, a subsidiary of Alibaba Group, owned a 4.3 percent stake in Zomato and the sale triggers a 90-day lock-in period before another equity dilution. - The stake sale follows Zomato's quarterly earnings report, which showed a net profit surge of 126.5 times to Rs 253 crore, driven by increased platform fees and improved operational profitability in Blinkit. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/markets/zomato-block-deal-antfin-singapore-likely-seller-12801450.html)