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Uber likely to exit Zomato on Wednesday; puts entire 7.8% stake on block

Share sale could fetch as much as Rs 3,300 cr

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File photo of a Zomato delivery executive

3 min read Last Updated : Aug 02 2022 | 11:25 PM IST

Uber has decided to put its entire 7.8 per cent stake in restaurant aggregator Zomato on the block, according to people in the know.

The ride-hailing giant obtained this stake when Uber Eats' India business was acquired by the food delivery major in January 2020 in a non-cash deal. The deal was then valued at Rs 1,376 crore.

According to a term sheet, total 612 million shares of Zomato would be up for sale at a price band of Rs 48- Rs 54 apiece. At the lower end, the share sale would fetch Rs 2,939 crore, while at the top end, the

Topics : Zomato Uber stock markets

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