The specified floor price for Zomato's shares is established at 120.50 rupees each, representing a nearly 1% reduction compared to the stock's most recent closing price.
The company is set to offload a stake in Zomato, India's leading online food delivery service, for the third time since August. An equivalent stake was previously sold in October.
In November, the Chinese payments conglomerate Alipay divested its complete 3.44% stake in the food delivery platform via block deals.