China's Antfin nearly halves stake in India's Zomato

China's Antfin nearly halves stake in India's Zomato

FILE PHOTO: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, 2021. REUTERS/Florence Lo/Illustration/File Photo

Alibaba Group’s Antfin Singapore sold shares worth 47.72 billion rupees ($570 million) in India’s Zomato on Tuesday, cutting its stake by nearly half in the food and grocery delivery platform to 2.2%, exchange data showed.