Home Business Tiger Global Cuts Its Stake by Almost Half In Zomato; Shares Trade Lower

Tiger Global Cuts Its Stake by Almost Half In Zomato; Shares Trade Lower

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Tiger Global Cuts Its Stake by Almost Half In Zomato; Shares Trade Lower

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Shares of Zomato were trading lower on Thursday after Tiger Global, a hedge fund company, said that it had effectively sold 18 crore shares of online food delivery aggregator Zomato in the week after the one-year lock-in period for pre-IPO investors ended on July 23.

Tiger Global investment vehicle Internet Fund IV held a 5.11 per cent stake in Zomato before the lock-in ended. Its shareholding has now reduced to 2.77 per cent.

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