(PTI) Alipay Singapore, an arm of Chinese e-commerce giant Alibaba, on Wednesday sold 3.07 per cent stake in online food delivery aggregator Zomato for ₹1,631 crore through an open market transaction.
According to the bulk deal data available with the National Stock Exchange (NSE), Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting to 3.07 per cent stake in the company.
The shares were offloaded at an average price of ₹62.06 apiece, taking the transaction value to ₹1,631.39 crore.
On Wednesday, Camas Investments Pte, an wholly-owned subsidiary of Singaporean sovereign wealth fund Temasek acquired 9.80 crore shares of the company.
As of quarter ended September, Alibaba through its affiliates -- Antfin Singapore Holding and Alipay Singapore Holding -- owned nearly 13 per cent stake in the company, data with the bourse showed.
Shares of Zomato closed 3.54 per cent higher at ₹65.80 per scrip on NSE.