Zomato stock up by 5% in 2 days

1 Dec 2022 , 03:15 PM

On the National Stock Exchange (NSE), shares of Zomato increased by about 3% on Thursday to Rs 66.90. After Alibaba-led Alipay Singapore Holding sold 262.9 million shares, or 3.07 % of the company, on Wednesday, the stock of the food delivery company has increased by 5% over the past two days. At 62 rupees each, the shares were sold.

According to exchange records, Alipay made a total of Rs 1,631 crore from the sale in which Camas Investments purchased 98 million shares via block trades on the NSE for Rs 608 crore. Alipay and its affiliate Antfin each owned 6.7% of Zomato before the stake sale.

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