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Zomato’s largest shareholder left the company


Updated on 3 Aug, 2022 01:14 PM IST BY KHABARBHARAT24.CO.IN

Uber Technologies on Wednesday sold its 7.8% stake in food delivery firm Zomato Ltd. Uber has sold Zomato shares for Rs 392 million through a block deal. This block deal has been done at Rs 50.44 per share. At present, there is no statement from Zomato and Uber in this matter. Shares of Zomato are trading at Rs 53.30, down 4.14% on BSE. Earlier in the early trade, Zomato’s shares had broken up to about 10% on Wednesday morning. On Tuesday, Zomato’s shares climbed 20% to close at Rs 55.60. The company’s shares had hit the upper circuit today.