Zomato: Morgan Stanley Invests Rs 909.5 Crore After Ant Group Affiliate Pares Stake
Antfin Singapore Holding Pte sold 17.63 crore shares — representing 2.04% equity — for Rs 2,829 crore.
Morgan Stanley Asia Pte. invested Rs 909.5 crore in Zomato Ltd. after an affiliate of China's Ant Group pared a stake through open market transactions on Wednesday.
Antfin Singapore Holding Pte. sold 17.63 crore shares—representing 2.04% equity—for Rs 2,829 crore. The shares were offloaded at Rs 160.4 apiece in a bulk deal, according to data available on the BSE. As of December, Antfin held a 6.32% stake.
Morgan Stanley Asia bought 5.68 crore shares (0.66%) at Rs 160.1 apiece.
The food delivery company saw two big investors exit last year. Tiger Global sold its entire 1.4% stake in August, while SoftBank-affiliated SVF Growth (Singapore) Pte. divested in December.
Shares of Zomato closed 2.68% lower at Rs 161.6, as compared with a 0.55% advance in the BSE Sensex.
