As many as 21 crore shares, or 2.4% equity of Zomato Ltd, worth ₹5,438.5 crore changed hands at an average of ₹258 per share.

Earlier, CNBC-TV18 reported, that Antfin Singapore was looking to sell 18.5 crore or 2% of the total equity of Zomato via a block deal.

At the end of the June quarter, Antfin Singapore Holding Pte. Ltd. held a 4.24% stake in the company. As of Monday’s closing price, Antfin’s stake in Zomato is valued at nearly ₹10,000 crore.
As per the documents accessed by CNBC-TV18, the floor price for the block deal had been fixed at ₹251.68 per share, which is a 4% discount to Monday’s closing price for Zomato. At the floor price, the block deal was likely to be valued at $556 million or ₹4,650 crore.

The selling shareholder would have a lock-in period of 90 days for further sale of shares.

Morgan Stanley and Goldman Sachs are said to be the placement agents for this block dea

Zomato was also part of CNBC-TV18’s D-Street Chatter on Monday where it was reported that a large block deal is likely to take place in the stock soon.

Zomato shares were down 1.13% at ₹259.2 apiece at 9.20 am. The stock has gained 108.16% this year, so far.

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