Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore

Q: How long will it take to read this news story?

The story "Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore" has 249 words across 10 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore" was covered 4 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 254 news stories per day. It's most recent story was published 4 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21654292</li><li>URL: https://beamstart.com/news/motilal-oswal-mutual-fund-divests-17211432067331</li></ul>

Business Standard Logo Business Standard 4h ago

Motilal Oswal Mutual Fund divests stake in Zomato for Rs 646 crore - Business Standard

Quick Summary:

Axis Mutual Fund, BNP Paribas Arbitrage, Citigroup Global Markets Mauritius, Goldman Sachs, Matthews Asia, Morgan Stanley, Hong Kong-based Optimas Capital Management and investment management firm Polar Capital were among the buyers of Zomato's shares.

According to the block deal data available on the National Stock Exchange (NSE), Motilal Oswal Mutual Fund (MF) sold more than 2.84 crore shares or 0.3 per cent stake in Gurugram-based Zomato.

Motilal Oswal Mutual Fund on Tuesday divested its stake in online food delivery aggregator Zomato for Rs 646 crore through an open market transaction.