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Zomato shares fall 4% as Ant likely sells Rs 3,000 crore worth stake in block deal

Shares of online food delivery platform Zomato on Wednesday fell 3.6% to the day's low at Rs 160.10 on BSE after 2.2% equity worth over Rs 3,000 crore changed hands in a block deal in which Ant Financial could be the likely seller. Last evening, it was reported that China's Alibaba-affiliate Ant Financial is looking to sell a 2% stake at a floor price of Rs 159.4, a discount of nearly 5% from Tuesday's market price.