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Ant Group Nets 4X Return on Investment in Zomato After Latest Stake Sale

  • Ant Group, an affiliate of Alibaba, has achieved a fourfold return on its investment in Zomato after selling shares worth over Rs 4,772 crore
  • The Chinese ecommerce giant initially invested Rs 3,246 crore in Zomato between 2018 and 2020 and has now pocketed Rs 12,521 crore from its stake sales.
  • Zomato's stock has been rising, driven by the growing value of its quick-commerce unit Blinkit, which UBS values at $15.4 billion, surpassing Zomato's main food delivery business.

Source: Economic Times

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The Morning Vine ๐Ÿ‡

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Whoever is curating this, kudos. Job well done!

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Zomato stock at all time high again ๐Ÿš€

Sharing more context on what is driving this in the comments section ๐Ÿ‘‡๐Ÿป

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JK just wanted to catfish you guys to this gif

user

What are. Investors thinking? Why is zomato a good stock to buy?

user

Compared groceries brought on Dmart to Zepto,Blinkit for 1600 rupees there was a difference of 400 , costlier on apps