Motilal Oswal sells Zomato shares for Rs 646 crore in block deal

Motilal Oswal Mutual Fund sold shares of Zomato worth ₹645.84 crore in a block deal on NSE on Tuesday. The fund sold 28.4 million shares at ₹226.85 apiece.

Axis Mutual Fund, Matthews Asia Funds Pacific Tiger Fund, Optimus Global Alpha Fund, and Societe Generale were among some of the buyers in the deal.

Zomato shares fell 4.71% to ₹218.35 on Tuesday. In the last month, the company's shares gained 15.8% against an up move of 4.5% in the benchmark Nifty.