(This Nov. 29 story has been corrected to say Ant Group, not Alibaba sold stake; and to change the source by removing the reference to the CNBC-Awaaz reporter’s tweet)
BENGALURU (Reuters) – Jack Ma’s Ant Group has sold a stake of about 3% in Indian food delivery firm Zomato Ltd worth $200 million through a block deal, a source with direct knowledge of the matter told Reuters.
The deal brings Ant Group’s current stake in Zomato to 10%, the source said.
Ant Group and Zomato did not immediately respond to Reuters requests for comment.
The development comes months after Uber Technologies sold its 7.8% stake in Zomato for $392 million via a block trade on local exchanges, Reuters reported in August, citing sources.
($1 = 81.6080 Indian rupees)
(Reporting by Rama Venkat in Bengaluru)
