<p>SoftBank's venture capital fund SVF Growth, Singapore, will sell a 1.1 per cent stake in Indian food delivery firm Zomato for Rs 1,024 crore ($123.24 million), <em>CNBC TV-18</em> reported on Thursday, citing sources.</p><p>SVF Growth will sell the stake at an offer price of 109.4 rupees to 111.65 rupees per share, at a 2 per cent discount to its current market price at the lower end, the report added.</p>.Nestle India Q3 net profit up by 37 per cent to Rs 908 cr; net sales up 9.43 per cent .<p>Zomato and Softbank did not immediately respond to a Reuters request for comment.</p><p>In August, Softbank's Vision Fund sold a 1.17 per cent stake in Zomato in a deal valued at Rs 947 crore at 94.7 rupees apiece in bulk deals.</p><p>US-based private equity firm Tiger Global, also in August, sold its remaining Rs 1,124 crore stake in the company after cutting 2.34 per cent stake last year.</p><p>Zomato shares have gained 88.3 per cent so far this year and closed 1.4 per cent lower on Thursday.</p>
<p>SoftBank's venture capital fund SVF Growth, Singapore, will sell a 1.1 per cent stake in Indian food delivery firm Zomato for Rs 1,024 crore ($123.24 million), <em>CNBC TV-18</em> reported on Thursday, citing sources.</p><p>SVF Growth will sell the stake at an offer price of 109.4 rupees to 111.65 rupees per share, at a 2 per cent discount to its current market price at the lower end, the report added.</p>.Nestle India Q3 net profit up by 37 per cent to Rs 908 cr; net sales up 9.43 per cent .<p>Zomato and Softbank did not immediately respond to a Reuters request for comment.</p><p>In August, Softbank's Vision Fund sold a 1.17 per cent stake in Zomato in a deal valued at Rs 947 crore at 94.7 rupees apiece in bulk deals.</p><p>US-based private equity firm Tiger Global, also in August, sold its remaining Rs 1,124 crore stake in the company after cutting 2.34 per cent stake last year.</p><p>Zomato shares have gained 88.3 per cent so far this year and closed 1.4 per cent lower on Thursday.</p>