Business

Zomato Shares Rise After Singapore’s Tamesak Acquires Additional Stake

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Shares of Zomato Ltd. gained on Friday after Temasek, an investment fund owned by the government of Singapore, raised its stake in the company.Through three affiliates, Temasek bought an additional 1.15% stake in Zomato on Nov. 30, according to an exchange filing disclosed today. This increases Temasek’s stake in Zomato to 6.01% from 4.87% earlier.Several investors, such as Tiger Global, TPG, Lighthouse India, Alibaba, and SoftBank, …



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