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Why Zomato shares tumbled 10% in early trade today

Shares of Zomato tanked nearly 10% in early trade today amid a report that Uber Technologies sold its whole 7.8% stake in the Indian food delivery firm. The block deal was worth $392 million. Zomato stock crashed 9.62 percent to Rs 50.25 against the previous close of Rs 55.60 on BSE.

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