Zomato’s share price survives the sell-off, for now
2022 has been brutal for Zomato’s share price, which has fallen over 70% from Rs 142 in January to a low of Rs 40.6 last month.
When its one-year listing anniversary came around last month, the lock-up on the share sale restrictions on pre-IPO investors expired. allowing investors ranging from Tiger Global and Uber to Info Edge and Ant Financial, which collectively held over 75% of the company, to sell their shares.
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