Uber exits Zomato via block deal

Uber Technologies exited Zomato through a block deal on Wednesday, selling its entire 7.8 per cent stake in the food delivery aggregator for about Rs 3,087 crore. The deal was executed at Rs 50.44 a share.

The buyers included global investment and venture capital firms such as Keysquare Capital, James Street, Templeton Global, FMR and Mirae Asset Global Investments, among others. British asset management firm Schroders and US asset manager BlackRock also took part in the block deal, sources told FE.

Domestic funds (investors in rupee terms) included ICICI Prudential Mutual Fund, ICICI Prudential Life Insurance, Nippon India Mutual Fund, Avendus Capital, HDFC Life Insurance, New Horizon and Templeton’s local arm among others.