SoftBanks sale of Zomato shares follows the complete exit of the New York-based Tiger Global from the company. Tiger sold 1.44% stake, or 12.35 crore shares of Zomato on Monday for Rs 1,124 crore.
For the June quarter, the company reported a 71.3 YoY percent increase in net profit at Rs 74.7 crore. Revenue came in at Rs 409.1 crore, up 40.3 percent from the year-ago period