In a significant block deal move, Antfin, an Alibaba Group affiliate, is set to offload around 18.8 crore shares of Zomato, according to sources cited by CNBC Awaaz. The total transaction is expected to fetch approximately ₹5,375 crore, with the floor price set at ₹285 per share.
This large-scale stake sale is being closely tracked by market participants, as it could impact near-term sentiment around Zomato’s stock, which has been witnessing strong investor interest amid recent earnings momentum and sector tailwinds.
While official confirmation is awaited, the market will be closely watching institutional demand for this block and whether it sees participation from marquee domestic or global funds.
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