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Zomato share price falls 3 after 3112crore block deal Whats happening

Admin - 2 months ago
Zomato share price: Shares of Zomato fell 3 percent in opening deals today (March 6). This comes after around 19 crore shares, which accounted for a 2.1 per cent stake in the company, changed hands in a ₹3,112-crore block deal. At 9.20am, Zomato shares traded at ₹160.80 on the NSE.  Zomato share price: Zomato share price fell 3 per cent on March 6. (Reuters Photo) Read more: Gopal Snacks IPO opens for subscription: Check price, key dates, latest GMP details hereOn March 4, the stock price of Zomato hit a record high. In the past three months, it has risen over 42 per cent increasing Zomato's market capitalisation to ₹1.46 lakh crore. Hindustan Times - your fastest source for breaking news! Read now. On Tuesday, Zomato shares closed 1.8 per cent lower at ₹166.8 on the BSE. Last week, Zomato shares hit a record high reaching ₹173.5. Read more: Shree Karni Fabcom IPO opens for subscription: Check price band, GMP, all details hereZomato share price: Zomato reported block dealThis comes as it was reported that China-based Ant Group"™s subsidiary Antfin Singapore Holdings Pte is likely to offload up to 2 per cent stake- 17.64 crore shares- in food delivery platform Zomato for ₹2,800 crore through a block deal.  Read more: OpenAI slams Elon Musk's lawsuit: "˜We"™re sad it"™s come to this as he said"¦"™The floor price for the block deal has been fixed at ₹159.4 per share, as per the report. This represents a 4 per cent discount on the current market price of Zomato stock, it added.  Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed "“ it's all here, just a click away!- Login Now! Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs SHARE THIS ARTICLE ON Share this article Share Via Copy Link ABOUT THE AUTHOR HT News Desk Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered. ...view detail Zomato Stock Markets
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