&w=826&resize=826,465&ssl=1 "Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore | Information on Markets")
Shares of Zomato plunged 4.71 per cent to shut at Rs 218.35 apiece on the NSE.
Motilal Oswal Mutual Fund on Tuesday divested its stake in on-line meals supply aggregator Zomato for Rs 646 crore via an open market transaction.
In accordance with the block deal knowledge out there on the Nationwide Inventory Change (NSE), Motilal Oswal Mutual Fund (MF) offered greater than 2.84 crore shares or 0.3 per cent stake in Gurugram-based Zomato.
The shares have been disposed of at a median worth of Rs 226.85 apiece, taking the transaction worth to Rs 645.84 crore.
Axis Mutual Fund, BNP Paribas Arbitrage, Citigroup World Markets Mauritius, Goldman Sachs, Matthews Asia, Morgan Stanley, Hong Kong-based Optimas Capital Administration and funding administration agency Polar Capital have been among the many patrons of Zomato’s shares.
Shares of Zomato plunged 4.71 per cent to shut at Rs 218.35 apiece on the NSE.
First Revealed: Jul 16 2024 | 8:33 PM IST
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