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Tiger Global sells 18 crore shares of Zomato in a week; slashes stake by almost...
source link: https://nextbigwhat.com/tiger-global-cuts-stake-in-zomato-by-almost-half-sells-18-crore-shares-in-a-week/
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Tiger Global sells 18 crore shares of Zomato in a week; slashes stake by almost half
- Tiger Global has effectively sold 18 crore shares of online food delivery aggregator Zomato in the week after the one-year lock-in period for pre-IPO investors ended on July 23.
- Tiger Global’s partial stake sale in Zomato comes at a time when the hedge fund company has seen the value of its portfolio shrink sharply since the start of 2022, amid a correction in global tech valuations.
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