Softbank most likely to enroll it's 1% stake in Zomato today

SoftBank acquired a 3.35% ownership share in Zomato as part of the Blinkit deal, where it sold some of its shares to the company.

On Wednesday, SoftBank Vision Fund Global plans to sell more than 1% of its stake in Zomato. The deal is valued at around Rs 940 crore. About 100 million shares will be sold at Rs 94 per share. Zomato's shares ended Tuesday's trading at Rs 94.65 per share, up 2.5% from the previous close.

Kotak Securities will oversee the deal. SoftBank's plan to sell shares comes after the lock-in period following the Blinkit deal expired on August 25.

SoftBank obtained a 3.35% share in Zomato through the Blinkit deal, where it sold some of its ownership to the company.

On Monday, a VC fund named Internet Fund III, backed by Tiger Global, sold 122 million Zomato shares in a block deal. This represented a 1.43% stake and was sold at Rs 91 per share, making the total deal worth Rs 1,115 crore.

Big buyers included Kotak Mutual Fund (41 million shares),
Societe Generale (38.4 million), Axis Mutual Fund (19.7 million), and Morgan Stanley Asia (15.3 million). Others like Goldman Sachs Singapore, Citigroup Global Markets Mauritius, and BNP Paribas Arbitrage also bought shares. Zomato's stock ended at Rs 92.33, rising by 1.53% on BSE. It's now over 20% higher than its initial listing price.

On NSE, Apoletto Asia sold nearly 32 million shares, a 0.37% stake, at Rs 90.10 per share, totaling Rs 288 crore. Notable buyers included Axis Mutual Fund, Morgan Stanley Asia, ICICI Prudential, and SBI Life
Last edited by a moderator:


KF Mentor
Exciting & Interesting news. But if they invest in it, how the company make profit from it? I don't really have an idea about it