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.
Featured
As I See It: An Itinerary in Search of a Strategy: on Trump’s East Asia Tour
Donald Trump’s transactional diplomacy during his East Asia tour has only created confusion “Mr. Trump’s “Indo-Pacific dream” may not appear to be much of a dream for most countries in the region. In 2006, Mr. […]
Entertainment
KATE HUDSON WORKS OUT TO IMPROVE MOOD
Actress Kate Hudson exercises to improve her mood and although she comes across as being positive and happy all the time, she said she isn’t and she would be ‘crazy’ if she was. Hudson, 38, has admitted she not […]
World
Parl dissolved, Israel heads for fifth election in 4 years
Jerusalem (TIP): Israel’s experiment with the most diverse political alliance ranging from the Left, Centre and Right to even an Islamist Arab party finally came to an end on June 30 with the Knesset voting […]
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