Goldman Sachs buys Zomato stake as Kadensa exits position
Goldman Sachs (Singapore) Pte has acquired a 0.1 per cent stake in food delivery company Zomato, while Kadensa Master Fund separately offloaded shares of the same size, according to block deal data from the Bombay Stock Exchange (BSE). Both transactions involved 60,07,412 shares at ₹199.5 per share, though the data doesn’t confirm these parties traded directly with each other.
The shares of Zomato Limited were trading at ₹202.93 up by ₹1.23 or 0.61 per cent on the NSE today at 11.55 am.
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The block deals occurred as investment bank Jefferies reportedly plans to increase its investment in Zomato by 1 per cent, showing continued institutional interest in the food delivery platform. The transactions, valued at approximately ₹119.85 crore each, took place at a price point reflecting Zomato’s current market position.
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These simultaneous transactions highlight ongoing portfolio adjustments among institutional investors in the Indian food tech sector. Block deals represent large transactions executed through stock exchange systems that must be reported to the exchange.
Zomato, which became publicly traded in 2021, has expanded beyond its core food delivery business into quick commerce and other segments, attracting varying levels of institutional investment as its business model evolves.
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