Alipay Singapore Holding, an arm of Chinese e-commerce giant Alibaba, on Wednesday divested its entire 3.44% stake in food delivery aggregator Zomato for Rs 3,337 crore through open market transactions. ICICI Prudential Life Insurance Company, Max Life Insurance, Aditya Birla Sun Life Mutual Fund (MF), Birla MF, Morgan Stanley, India Acorn ICAV, Societe Generale, Government of Singapore, Monetary Authority of Singapore, Goldman Sachs (Singapore) Pte, Government Pension Fund Global and Veritas Asset Management, among others were the buyers of shares of Zomato. Alipay Singapore Holding Pte sold more than 29.60 crore shares of Zomato in 31 tranches on the BSE. According to the block deal data available with BSE, the shares were sold at an average price of Rs 112.7 apiece.
Indian Americans
Indian-origin Singapore lawyer Kasturibai Manickam suspended for falsely attesting documents
SINGAPORE (TIP): An Indian-origin lawyer who falsely attested that she had witnessed the signing of several property-related documents despite those not being signed in her presence was handed a one-year suspension. The Law Society of […]
World
Saudi, Iran restore ties, say they seek Mideast stability
DUBAI, United Arab Emirates (TIP): Long-time Mideast rivals Iran and Saudi Arabia took another significant step toward reconciliation April 6, formally restoring diplomatic ties after a seven-year rift, affirming the need for regional stability and agreeing […]
United States
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