Zomato shares see high trading volume today

After 4% of the ownership in the meal delivery company was transferred via block trades on Wednesday, Zomato shares were trading steadily on the National Stock Exchange (NSE). In intraday trading, the food delivery company’s stock increased 5% to Rs 66.80.

According to exchange data, 353 million shares, or 4.13 % of Zomato’s total equity, were traded on the NSE during opening hours. However, media reports claim that through a block agreement, Alibaba Group Holding Ltd. sold a share in Indian food delivery company Zomato valued at roughly $200 million. Through its financial affiliate Ant Group, the Chinese e-commerce behemoth owns a 13.3% interest in Zomato.

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