Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Alibaba to sell shares worth $200 mn in Zomato: Report

IANS
Updated: November 30th, 2022, 08:25 IST
in Business, Sci-Tech
0
alibaba

Pic Credit- IANS

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

New Delhi: Chinese behemoth Alibaba is set to sell its shares worth $200 million in Zomato via a block deal Wednesday, the media reported.

According to CNBC Awaaz, citing sources, Ant Financial and Alipay would bring down their stake in the Deepinder Goyal-run food delivery unicorn to about 10 per cent from the current 13 per cent.

Also Read

Railway Ministry hikes fares of AC classes by 2 paise, non-AC by 1 paisa per km starting July 1

13 hours ago
Sanjay Malhotra named new RBI Governor as Shaktikanta Das’ term ends

Financial stability key for growth; global economic shifts make policy interventions challenging: RBI Guv

13 hours ago

“The block deal is said to happen at a discount of about 5-6 per cent,” said the report.

Zomato refused to comment when contacted by IANS.

Zomato’s share price has fallen over 55 per cent this year, amid senior level exits and job cuts.

In August this year, top VC firm Sequoia Capital India had sold 17.2 crore shares of Zomato in two tranches in the open market, lowering down its stake in the online food aggregator to 4.4 per cent from the earlier 6.41 per cent.

Sequoia Capital India joined a list of private market investors like Delivery Hero, Moore Strategic Ventures, and Tiger Global, which have sold their shares in Zomato in the past months, either in open market or via block deals, as the online food delivery platform’s stock gets hammered.

In the same month, ride-hailing platform Uber sold its 7.8 per cent stake worth over $390 million in Zomato.

In a statement to IANS, Zomato had said, “We are a public company and are not privy to what our shareholders are doing with their shares.”

Zomato stock on Tuesday closed 1.63 per cent down at Rs 63.35.

Zomato’s consolidated net loss decreased to Rs 251 crore for the September quarter, against Rs 430 crore in net loss in the same quarter last year.

IANS

Tags: AlibabaZomato
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Akshaya Kumar Dash

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019
#MyPaperBagChallenge

Jhili Jena

December 12, 2019
#MyPaperBagChallenge

Praptimayee Biswal

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Sitakanta Mohanty

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Bijswajit Pradhan

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Matrumangal Jena

December 12, 2019
#MyPaperBagChallenge

Swarit Praharaj

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Saishree Satyarupa

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019

Archives

Editorial

Proof To Vote

Vote
June 30, 2025

Months ahead of the Assembly polls in Bihar, the Election Commission of India (ECI) on 28 June launched a ‘special...

Read more

Genesis of Jana Sangh

AAKAR PATEL
June 29, 2025

We marked the 50th anniversary of the Emergency a few days ago. Another anniversary, this time the 75th, went relatively...

Read more

Double-engine PMO

June 28, 2025

Since February, the Prime Minister’s Office (PMO) has been operating for the first time with two full principal secretaries, P.K....

Read more

Let Them Be

NEET
June 25, 2025

A17-year-old girl was beaten to death by her father for not getting good score in a mock test for the...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST