Internet Fund III, a Tiger Global-backed VC fund, exited Zomato by offloading 122 million shares representing a 1.43 per cent stake via a block deal on Monday. At Rs 91 a share, the deal value amounted to Rs 1,115 crore. The lock-in period of shares allotted to Blinkit shareholders during Zomato’s acquisition of the quick commerce entity ended on Monday.
Among the major buyers were Kotak MF (41 million shares), Societe General (38.4 million), Axis MF (19.7 million) and Morgan Stanley Asia (15.3 million). Goldman Sachs Singapore, Citigroup Global Markets Mauritius and BNP Paribas Arbitrage were other buyers. The Zomato stock closed up 1.53 per cent at Rs 92.33 on the BSE. At present, it is over 20 per cent its listing price.