Uber Technologies is likely to sell a 7.8% stake in Indian food delivery firm Zomato through a $373 million block deal on Wednesday, according to a source familiar with the matter and a document seen by Reuters. The offer size of $373 million was based on the lower end of a 48-54 rupee price range set for the block deal, the document showed. BofA Securities is the sole bookrunner for the deal.
India
Bank loan default: Rotomac promoter Kothari, son arrested by CBI
NEW DELHI (TIP): The Central Bureau of Investigation on Feb 22 arrested Rotomac promoter Vikram Kothari and his son Rahul Kothari on charges of cheating a consortium of seven banks by siphoning off bank loans to the tune Rs 2,919 crore. […]
Women
Essential winter skin care tips that you should follow
To keep a warm heart in winter is the real victory, they say. But to keep healthy skin in winter is the real challenge. If you are struggling to maintain your skin during winter, we […]
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