Alibaba Sells Zomato Stake Worth INR 1,631 Cr, Temasek Buys 9.8 Cr Shares

Quick Summary:

Alibaba, through its Alipay Singapore Holding, sold almost half of its stake in Zomato, or 26.

Alibaba holds its stake in the foodtech giant via Alipay and Antfin Singapore Holding.

The stake sale decreased Alibaba’s total stakeholding in Zomato to 9.83% from 12.98% previously.

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Article Details

Author / Journalist: Tapanjana Rudra

Category: Startups

Markets: IndiaOmanSingapore

Topics: B2B-B2C News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-30 @ 16:45:33 (2 months ago)

News Timezone: GMT +5:00

Ranking: #673 (out of 6481 stories this day)

News Source URL: inc42.com

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 29 lines

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Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Inc42

News ID: 2062680

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