Alibaba to unload $200M worth of Zomato shares on Nov 30

A block deal is expected to be used to sell the stake at a discount of 5% to 6%. Morgan Stanley, an investment bank, will act as the deal’s broker.

Through its two subsidiaries, Ant Financial and Alipay, the Chinese e-commerce giant owns a 13% stake in Zomato. Alibaba’s ownership will drop to 10% after the share sale.

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