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Uber likely to sell its 7.8% stake in Zomato tomorrow: Report
short by Ashley Paul / on Tuesday, 2 August, 2022
Uber is likely to sell a 7.8% stake in food delivery firm Zomato through a $373 million block deal on Wednesday, Reuters reported. The offer size of 612 million shares is based on the lower end of a ₹48-54 price range set for the deal. Thus, the deal would be concluded at a 2.8%-13.6% discount to the share's latest close.
read more at Hindustan Times