Shares of Zomato were trading in the red and 4% lower on 15 January after 4.5 crore shares of the company changed hands via a block deal.

Around 4.5 crore shares of the company changed hands on the bourse at an average price of Rs 138.15 per share, taking the total transaction value to Rs 624.68 crore.

However, the buyers and sellers involved in this transaction are yet to be identified.

The block deal took place at a 1% discount from the closing price of Rs 139.55 on 12 January.

Earlier this month, the company introduced a new feature called “daily payouts”, which were aimed at providing support to its restaurant partners. The feature is also available for restaurant partners who have less than 100 orders every month.

This new feature came out after the company was engaged in discussions with various restaurants, recognizing the financial challenges faced by smaller eateries under the traditional weekly payout system.

In a period of one year, the shares of the company have given a whopping return of over 157%. The strong growth was on account of stellar quarterly reports posted by the company in back-to-back quarters between April and September, as the company reported a net profit from the net loss reported during the previous quarters.

At 12:55 pm, the shares of Zomato were trading 3.01% lower at Rs 135.35 on NSE.