Tiger Global sells half of Zomato stake on open market
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Tiger Global’s Singapore-based Internet Fund VI sold off nearly half of its shareholding in food delivery firm Zomato, the former disclosed in a filing with stock exchanges. The shares were all sold on the open market between July 25 and August 2, according to the filing. Tiger Global had a 5.11% stake in Zomato before the sell-off, and now has a 2.77% share, worth around Rs 1,043 crore at Zomato’s current share price.