Ant Group’s Alipay to exit Zomato in $395 mn block deal

Ant Group’s Alipay to exit Zomato in 5 mn block deal

Mumbai: Ant Group’s payments platform Alipay is set to offload shares of Zomato Ltd in a $395 million block deal on Wednesday, according to a term sheet reviewed by Mint. Alipay’s share sale follows a partial stake sale by Softbank Group in the food delivery aggregator last month where the Japanese investor sold 1.1% stake …

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