Softbank's SVF Growth Exits Zomato, Major Investors Exit Amid Surging Stocks

11 Dec 2023 , 03:10 PM

SVF Growth (Singapore) Pte Ltd, Softbank’s venture capital fund, exits Zomato through open market transactions on December 8. Bulk deals data reveals the sale of the remaining 9.35 crore equity shares at an average price of Rs 120.5 per share, totaling Rs 1,127.5 crore.

Another foreign investor, Alipay Singapore Holding Pte Ltd (Ant Group-owned), exited Zomato on November 29, selling its entire 29.6 crore shares (3.44% stake).

Within a couple of weeks, two major investors exit Zomato as the stock surges by 151% from its low in January.

Pricol, the automotive components manufacturer, faces pressure with PHI Capital Solutions LLP selling 30.03 lakh shares at an average price of Rs 333.16 per share, totaling Rs 100.05 crore.

Goldman Sachs India acquires most of PHI’s shares, purchasing 28.94 lakh equity shares (2.37% stake) in Pricol at an average price of Rs 333 per share, amounting to Rs 96.39 crore.

GMR Airports Infrastructure experiences significant activity as its stock surges 11.67% to Rs 68.90, the highest level since June 2009.

GQG Partners Emerging Markets Equity Fund and Goldman Sachs Trust II acquire 28.29 crore equity shares (4.7% of paid-up equity) in GMR Airports at an average price of Rs 59.09 per share, totaling Rs 1,671.55 crore.

GQG Partners, headquartered in Florida, is an investment management company.

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