In Aug 2022, Zomato (ZOMATO IN) completed the acquisition of 91% of Blinkit’s outstanding shares via issuing shares. Softbank then sold a part of its stake, the rest will come out of lockup soon.
Boomeranged on Fri, 20 Oct 2023 09:54
Softbank had opted to sell only around half of its stake via a block to raise airing US$120m. The deal is very well flagged
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