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The emblem of Indian meals supply firm Zomato is seen on its app on a cell phone displayed in entrance of its firm web site on this illustration image taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing Rights
Nov 29 (Reuters) – Chinese funds group Alipay launched a $400 million accelerated bookbuild to promote its stake in Indian meals supply large Zomato (ZOMT.NS), in accordance the deal’s time period sheet on Wednesday.
The deal comes after Reuters reported on Tuesday that Alipay was planning to promote its 3.4% in Zomato via block offers on Indian inventory exchanges.
Reporting by Baranjot Kaur in Bengaluru; Editing by Rashmi Aich
Our Standards: The Thomson Reuters Trust Principles.
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