Question
Recently which American company sold its entire 7.78%
stake in domestic food-delivery company Zomato for Rs 3,088 crore ($390 million)?Solution
American ride-hailing giant Uber sold its entire 7.78 per cent stake in domestic food-delivery company Zomato for Rs 3,088 crore ($390 million). A total of 612 million shares were sold at Rs 50.44 apiece to over a dozen institutional investors. Fidelity Investments bought shares worth Rs 274 crore and ICICI Prudential Life Insurance bought another Rs 226 crore. Uber Headquarters: California,US CEO: Dara Khosrowshahi Zomato Headquarters: Gurugram CEO: Deepinder Goyal
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