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Alibaba Group Sells 3% Stake In Zomato!

Alibaba Group Sells 3% Stake In Zomato!

Tanya Aneja
Tanya Aneja
  • New Delhi ,
  • Dec 1, 2022,
  • Updated Dec 1, 2022, 2:45 PM IST

Chinese company Alibaba has reportedly diluted its stake in Zomato to 10% from 13%. The e-commerce platform likely sold 26 crore shares for around 200 million dollars in trade today. The Zomato stock was up three and a half percent in trade today. So, what's next for the stock... Here's what Divam Sharma of Green Portfolio has to say…

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