Uber Applied sciences exited Zomato via a block deal on Wednesday, promoting its total 7.8 per cent stake within the meals supply aggregator for about Rs 3,087 crore. The deal was executed at Rs 50.44 a share.
The consumers included international funding and enterprise capital corporations resembling Keysquare Capital, James Avenue, Templeton International, FMR and Mirae Asset International Investments, amongst others. British asset administration agency Schroders and US asset supervisor BlackRock additionally took half within the block deal, sources informed FE.
Home funds (traders in rupee phrases) included ICICI Prudential Mutual Fund, ICICI Prudential Life Insurance coverage, Nippon India Mutual Fund, Avendus Capital, HDFC Life Insurance coverage, New Horizon and Templeton’s native arm amongst others.
BofA Securities was the only bookrunner to the deal.
The block deal comes after the one-year lock-in-period for pre-IPO shareholders of Zomato ended on June 23. FE
