US-based investment firm Tiger Global has sold its remaining stake in Indian food delivery firm Zomato in a deal valued at INR11.24bn ($136.08m), according to a report by Reuters citing exchange data.
Tiger Global disposed of a total of 123.5 million shares at 91.01 rupees per share via bulk deals to a raft of buyers including Morgan Stanley Asia Singapore, Kotak Mahindra Mutual Fund, Societe Generale, and BNP Paribas Arbitrage Fund.
Tiger Global, which first invested in Zomato in 2020, previously cut its holding in the company in August last year.
Zomato shares, which have gained about 56% so far this year, closed up 1.5% on Monday.
