zomato block trade: Motilal Oswal MF generates Rs 622 crore profit through stake sale in Zomato, 5 FPIs pick shares.

MUMBAI – Motilal Oswal Mutual Fund on Monday sold a portion of its stake in online food delivery service provider Zomato through the open market, earning a profit of Rs 620 crore.

Domestic mutual fund companies sold 4.5 billion shares or 0.5% stake in Zomato at Rs 138.15 per share, according to block trade data from the National Stock Exchange.

As of end-December, Motilal Oswal MF held a 1.83% stake in the new generation consumer technology major.

Selling put pressure on the stock, which fell 4.4% to Rs 133.40 on the NSE. The sale price was a slight discount to the stock’s closing price on Friday.

With Zomato’s rally over the past year turning it into a multibagger, MF has made significant gains from the sale.

Meanwhile, Societe Generale, Morgan Stanley, Citigroup Global Markets, BNP Paribas, and Goldman Sachs showed strong interest from overseas portfolio investors, purchasing through a separate block deal.

Societe Generale bought 3.3 billion shares of Zomato, Goldman Sachs bought 45,00,000 shares, Morgan Stanley bought 39,00,000 shares, Citigroup bought 24,00,000 shares and BNP Paribas bought 12,00,000 shares. I purchased it. All of them purchased the stock at Rs 138.15 each. (Subscribe to ETMarkets WhatsApp channel)

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