Reportedly, the shares will probably be offered at a value of Rs 120.50 per share. (Representative picture)
As of September-end SoftBank held 2.17 % within the meals supply providers supplier.
SoftBank is reportedly planning to promote one other chunk of its Zomato shares by a block deal, value roughly $135 million (round Rs 1,125.5 crore).
According to a report by CNBC TV-18, the shares will probably be offered at a value of Rs 120.50 per share.
It was not instantly clear who would be the consumers on this transaction, the report added.
In October, SoftBank, by its affiliate SVF Growth Singapore Pte, accomplished a bulk deal promoting a 1.09 % fairness stake in Zomato for Rs 1,040.5 crore. This transaction adopted a 1.17 % stake sale in Zomato in August.
As of September-end, the most recent knowledge reported by Zomato, SoftBank nonetheless holds a 2.17% stake within the meals supply firm.
SoftBank has been divesting its holdings in Indian modern firms prior to now few months, with the funding agency additionally disposing of a good portion of its stake in Paytm.
So far this yr, share value of Zomato has jumped 102 %. Though the inventory remains to be far-off from all time excessive of Rs 169.
Earlier within the day, Zomato’s inventory closed at Rs 121.80, up 2.44 % on BSE.
