Zomato shares plunge over 4% on block deal worth Rs 622 crore

Shares of Zomato plunged over 4% to the day’s low of Rs 133.35 on the NSE on Monday following a block deal which saw equity worth Rs 621.68 crore changing hands at Rs 138.15 per share.

While the details of the buyers and sellers were not known at the time of filing the story, data on NSE showed the deal getting executed ahead of the market opening time. The transaction involved 4.50 crore shares changing hands.