<ul><li>Kadensa Capital, an asset management company, sold over 60 lakh shares of Zomato in a block deal worth INR 119.84 Cr.</li><li>The shares were sold to Goldman Sachs (Singapore) Pte-ODI at the rate of INR 199.5 per share.</li><li>BofA Securities downgraded Zomato's shares to 'Neutral' from 'Buy' and lowered the target price to INR 250 per share from INR 300.</li><li>Zomato's net profit decreased by more than 57% in Q3 FY25, mainly due to higher cash burn on quick commerce expansion.</li></ul>

Kadensa Offloads Stake In Zomato Worth INR 120 Cr

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