Antfin Singapore, an Alibaba Group company, sold shares of India’s Zomato worth 47.72 billion rupees ($570 million) on Tuesday, reducing its stake in the food and grocery delivery platform by almost half to 2.2 percent, stock market data showed.

Antfin, which held a 4.3% stake in Zomato on June 30, sold the shares in two separate block deals at Rs 257.46 and Rs 257.17 per share, both times at a discount to the day’s closing price of Rs 263.12.

This is Antfin’s second such sale of shares in the company this year. In March, the company sold a 2.1 percent stake following border tensions between Beijing and New Delhi that led to India increasingly scrutinizing Chinese companies and investments.

In 2023, Alipay, a unit of China-based Ant Group, sold its entire 3.44 percent stake in Zomato.

App-based delivery companies like Zomato and its soon-to-be-IPO competitor Swiggy are attracting investor attention as more urban Indians conveniently order groceries and other household items online.

Zomato shares, which have more than doubled so far this year, closed 0.4 percent higher on Tuesday.