News > Uber likely to sell its 7.8% stake in Zomato for Rs 2,938 cr

Uber likely to sell its 7.8% stake in Zomato for Rs 2,938 cr

Odisha TV | 03/08/2022 11:26 AM | Click to read full article

Uber is likely to sell its 7.8 per cent stake in online food delivery platform Zomato that could be worth around Rs 2,938 crore ($373 million), multiple reports said on Tuesday. The offer is expected to come with a price range of Rs 48-54 per share, equivalent to 612 million or 7.8 per cent of total outstanding shares. 

Uber received a stake in Zomato after selling off its food delivery business in India to the food aggregator in a transaction in 2020.