Zomato block deal: Fidelity, Franklin Templeton, ICICI Prudential among likely buyers

Uber Technologies on Wednesday sold its 7.8% stake in Indian food delivery firm Zomato Ltd for $392 million via a block deal on local exchanges, two sources familiar with the matter told Reuters.

The Zomato block deal was executed at 50.44 rupees per share. Zomato and Uber did not immediately respond to requests for comment.

Reuters reported on Tuesday the offer size of the block deal was set to be for 612 million shares, according to its term sheet, which did not disclose the seller.