Ant Group sells Zomato shares worth $200 mln via block deal - source (Nov. 29)
BENGALURU, Nov 29 (Reuters) - (This Nov. 29 story has been corrected to say Ant Group, not Alibaba, sold the stake; and to change the source by removing the reference to the CNBC-Awaaz reporter's tweet)
Jack Ma's Ant Group (688688.SS) has sold a stake of about 3% in Indian food delivery firm Zomato Ltd (ZOMT.NS) worth $200 million through a block deal, a source with direct knowledge of the matter told Reuters.
The deal brings Ant Group's current stake in Zomato to 10%, the source said.
Ant Group and Zomato did not immediately respond to Reuters requests for comment.
The development comes months after Uber Technologies (UBER.N) sold its 7.8% stake in Zomato for $392 million via a block trade on local exchanges, Reuters reported in August, citing sources. read more
($1 = 81.6080 Indian rupees)
Reporting by Rama Venkat in Bengaluru
Our Standards: The Thomson Reuters Trust Principles.
