Whereas the inventory initially fell, it closed at Rs 263.20 on the NSE, up Rs 1.03, or 0.39%, from Monday’s shut.
As of June 30, 2024, Antfin Singapore held a 4.3% stake within the meals supply platform.
Earlier, ET Now had reported that Antfin Singapore might promote Zomato shares value $408 million at a ground value of Rs 251.68 per share.
Zomato shares rose 6% intraday on Monday after world brokerage UBS raised its goal value to Rs 320 from Rs 260. Business FY26-28e (+20-30%) following a powerful first quarter and stable steering. our adjective Interest, tax, depreciation and amortization advance profit Forecasts for subsequent 1-2 years rise solely barely as a result of building funding supply “Quick commerce may result in a extra modest margin trajectory,” UBS stated in a observe whereas sustaining a purchase score. CLSA has focused a most Zomato value of Rs 350. 20 million has grown a number of occasions final yr to Rs 2.53 billion.
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