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Tiger Global sells over 18 crore shares of Zomato; cuts stake by almost half
short by Arshiya Chopra / on Thursday, 4 August, 2022
Tiger Global's Singapore-based Internet Fund VI sold off nearly half of its shareholding in food delivery firm Zomato, the hedge fund company disclosed in a filing with stock exchanges. It stated that it effectively sold over 18 crore shares, with its shareholding in Zomato now reduced to 2.77%. Earlier, Uber reportedly sold its 7.8% stake in Zomato for $392 million.
read more at Moneycontrol