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ALIPAY EXITS ZOMATO
Antfin to exit Eternal; OpenAI's mega buybackAlibaba Group's Antfin is set to divest its entire stake in Eternal, its second India exit in as many days. This and more in today's ETtech...- Urban Company turns profitable; GlobalBees faces insolvencyIPO-bound at-home services company Urban Company turned profitable in FY25. This and more in today’s ETtech Top 5.
- From Paytm to MakeMyTrip: How Indian startups are unwinding Chinese ownershipIndia’s largest online travel platform plans to raise $3 billion through a mix of debt and equity to buy back shares from Trip.com Group. O...
- Ant Group nets 4X return on investment in Zomato after latest part stake saleOn an investment of Rs 3,246 crore in the Gurugram-based food delivery firm, the Chinese ecommerce giant Alibaba’s affiliate has pocketed R...
- AntFin sells 2% stake in Zomato via open market for Rs 2,828 croreAntFin entity AntFin Singapore Holding Pte sold 176,395,675 shares of Zomato at an average price of Rs 160.3 a share, bulk deals data on BS...
- Zomato shares fall 4% as Ant likely sells Rs 3,000 crore worth stake in block dealZomato shares fell 3.6% on BSE after Ant Financial, an Alibaba-affiliate, sold a 2% stake at a 5% discount. CLSA revised target price for Z...
- Ant Financial likely to sell 2% stake in Zomato for Rs 2,800 crore via block deal: ReportIt plans to sell 176.4 million shares of Zomato that could fetch around Rs 2,810 crore, reports said. The floor price for the stake sale is...
- Prosus cuts Byju's valuation to under $3 billion; PayU India, Swiggy H1 financialsTechnology investor Prosus has slashed Byju’s valuation to below $3 billion from its peak of $22 billion. This and more in today’s ETtech T...
- Alipay exits Zomato via 3.5% stake sale, takes home Rs 3,336 croreBank of America and Morgan Stanley acted as advisers to the deal. Among the buyers in the deal were marquee funds including Goldman Sachs, ...
- Byju’s investors spell out terms for fresh funding; ecommerce orders see Black Friday spikeInvestors at Byju’s have demanded the company meet certain conditions before they invest new capital amid a deepening fund crunch.
- Zomato block deal alert: Alipay said to have sold 29 crore shares; stock up 4%Alipay, owned by Ant Group, was looking to offload its entire 3.44% stake in Zomato, according to reports. A confirmation will come only in...
- Ant Group arm to offload 3.4% stake in Zomato for Rs 3,290 croreAccording to a term sheet released by the deal broker, BofA Securities, Alipay Singapore Holdings, an entity of the Ant Group, has proposed...
- China's Alipay to sell its 3.4% stake in Zomato for nearly $400 million: ReportBank of America and Morgan Stanley are advisers on the deal, which is likely to be executed later this week on Indian exchanges, said the t...
- Temasek unit picks up 1.14% stake in Zomato for Rs 607.60 croreAfter the changing of hands of Zomato shares, Temasek now holds a combined 4% stake in the Gurugram-based company. It bought a 2.86% stake ...
- MeitY set to meet experts on data bill; Twitter starts vacating India officesThe closed-door meetings this week are likely to be chaired by union electronics and information technology minister Ashwini Vaishnaw, our ...
- Alibaba Group to sell 26.29 crore Zomato shares on November 30The sale will take place at an offer floor price of Rs 60 per share – a 5.59% discount to Tuesday’s closing price of Rs 63.55 on BSE.
- Uber exits Zomato by selling 7.8% stake, two biggies buy stakesFidelity's emerging market fund bought 5.44 crore shares of Zomato today in the bulk deal at an average price of Rs 50.26. ICICI Prudential...
- Ant Financial gets rights for biggest pie in ZomatoThe agreement is a part of Ant Financial’s $200 million investment in Zomato in February, as per its updated Articles of Association.
- Ola, Flipkart making sure they are not beholden to a single investor. Here's whySeasoned entrepreneurs and industry watchers say it is crucial to have two strategic investors, with each balancing the influence and reach...
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