Eternal Ltd.

Uber is likely to sell its 100% shareholding in Zomato through a block deal of shares for around Rs 2,939 crore. The offer price range for the deal will be carried out between Rs 48-54 per share. Bofa Securities is the sole book runner for this deal. The offer size represents 7.8% of the overall outstanding shares for the company, which has had a volatile movement on the bourses since debuting last year.

Zomato is an Indian multinational restaurant aggregator and food delivery company founded by Pankaj Chaddah and Deepinder Goyal in 2008. It provides information, menus and user-reviews of restaurants as well as food delivery options from partner restaurants in select cities.