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

Reuters

25 August, 2023

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.

BlinkitSoftBank GroupZomato

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