Temasek Holdings has bought a 1.14% stake in India’s Zomato, a day after Alipay Singapore Holding Pte offloaded 3.07% of its shares in the food delivery startup, according to data from the National Stock Exchange.
Camas Investments Pte Ltd, an arm of Singapore’s state-owned fund Temasek Holdings, bought 98 million shares of Zomato on Wednesday at Rs 62 apiece for over $74 million. Following the deal, Temasek’s stake in the company will increase to 4%.
