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.
Opinions
How Good is Punjab Police?
Money, equipment and bulging numbers do not modernize or improve efficiency of a police force. Training and motivation are the key elements that distinguish between an efficient force in uniform and huge squads of lathi […]
India
Samyukta Kisan Morcha calls for Bharat bandh on September 27
New Delhi (TIP): Samyukta Kisan Morcha (SKM) has called for a ‘Bharat bandh’ on September 27 to protest against the Centre’s three farm laws. The Bandh will be effective from 6 am to 4 pm. […]
Asia
Money laundering: Pakistan PM Shehbaz Sharif, son file acquittal pleas
Lahore (TIP): The indictment of Pakistan Prime Minister Shehbaz Sharif and his son and former Punjab Chief Minister Hamza Shehbaz was delayed on september 5 in a multi-million dollars money laundering case after they filed […]
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