SoftBank may sell more stake in Zomato after lock-in period post Blinkit deal ends

SoftBank may sell more stake in Zomato after lock-in period post Blinkit deal ends

FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration

Japan’s SoftBank Group will likely sell shares in Indian food delivery firm Zomato as the lock-in for investors post the company’s acquisition of Blinkit ends on Aug. 25, CNBC-TV18 reported on Friday, citing sources.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter