Uber likely to sell 7.8% stake in Zomato, says report

Published on Aug 02, 2022 07:04 PM IST The offer size of $373 million was based on the lower end of a 48-54 rupee price range set for the block deal, the document showed. A screen displays the company logo for Uber Technologies Inc at the New York Stock Exchange.(Reuters file photo) Follow Us Read this news in brief form Uber Technologies is likely to sell a 7.8% stake in Indian food delivery firm Zomato through a $373 million block deal on Wednesday, according to a source familiar with the matter and a document seen by Reuters.The offer size of $373 million was based on the lower end of a 48-54 rupee price range set for the block deal, the document showed.BofA Securities is the sole bookrunner for the deal. Subscribe to our best newsletters Subscribed to newsletter successfully Thank you for subscribing to our Daily News Capsule newsletter. 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