353 million shares of Zomato change hands on NSE; stock trades firm

According to media reports, Alibaba Group Holding Ltd plans to sell a stake of about 3 per cent in Indian food delivery firm Zomato worth $200 million through a block deal

Shares of Zomato were trading firm on the National Stock Exchange (NSE) on Wednesday after 4 per cent equity of the food delivery firm changed hands via block deals. The stock of the food delivery firm rallied 5 per cent to Rs 66.80 in the intra-day trade.

Around 353 million shares, representing 4.13 per cent of total equity of Zomato, changed hands on the NSE in early trade, the exchange data shows. The names of the buyers and sellers could not be ascertained immediately.

However, according to media reports, Alibaba Group Holding Ltd plans to sell a stake