Latest News | Alipay Singapore Sells 3 Pc Stake in Zomato for Rs 1,631 Crore

New Delhi, Nov 30 (PTI) Alipay Singapore, an arm of chinese e-commerce giant Alibaba, on Wednesday sold 3.07 per cent stake in online food delivery aggregator Zomato for Rs 1,631 crore through an open market transaction.

According to the bulk deal data available with the National Stock Exchange (NSE), Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting to 3.07 per cent stake in the company.

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The shares were offloaded at an average price of Rs 62.06 apiece, taking the transaction value to Rs 1,631.39 crore.

On Wednesday, Camas Investments Pte, an wholly-owned subsidiary of Singaporean sovereign wealth fund Temasek acquired 9.80 crore shares of the company.

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As of quarter ended September, Alibaba through its affiliates -- Antfin Singapore Holding and Alipay Singapore Holding -- owned nearly 13 per cent stake in the company, data with the bourse showed.

Shares of Zomato closed 3.54 per cent higher at Rs 65.80 per scrip on NSE.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)