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.

Zomato's rider on bike waiting to pick up an order on a street. (Source: Vijay Sartape/NDTV Profit)

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.

Also Read: Zomato's 'Dilli-Ke-Legends' Service: Gurgaon Resident Files Suit Over Concerns

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Shubhayan Bhattacharya
Shubhayan covers markets and business news at NDTV Profit. He has a keen in... more
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