Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
Ant Financial makes $400 mn from partial Zomato exit
short by Harsh / on Thursday, 30 November, 2023
China's Ant Financial sold a 3.44% stake in Zomato for Rs 3,326 crore ($400 million) on Wednesday, November 29, as per exchange data. The shares went for Rs 112 a pop, which translates into nearly 4X gains for the firm. To date, Ant has pocketed roughly $600 million on the Zomato investment. It still owns 6.4% of the food-delivery major.
read more at thearcweb.com