Chinese mobile payment platform is selling its stake in Zomato, here’s why
Chinese mobile payment platform is selling its stake in Zomato, here’s why
Alipay is selling its stake in food delivery aggregator Zomato through block deals on Indian stock exchanges. The company has launched a $400 million accelerated bookbuild to sell its stake, according to the deal's term sheet. The block deals are set to be executed at Rs 111.28 per share, which is a 2.2% discount to Zomato's close on Tuesday.
Alipay is selling its stake in food delivery aggregator Zomato through block deals on Indian stock exchanges. The company has launched a $400 million accelerated bookbuild to sell its stake, according to the deal's term sheet. The block deals are set to be executed at Rs 111.28 per share, which is a 2.2% discount to Zomato's close on Tuesday.
We use cookies to improve your experience on our site and to show you relevant advertising. To find out more, read our updated privacy policy and cookie policy
Through RSS Feeds 
Alipay is selling its stake in food delivery aggregator Zomato through block deals on Indian stock exchanges. The company has launched a $400 million accelerated bookbuild to sell its stake, according to the deal's term sheet. The block deals are set to be executed at Rs 111.28 per share, which is a 2.2% discount to Zomato's close on Tuesday. 
