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.
Film Festival
SOUND UNSEEN + MUSIC FEST USHERS IN 23RD EDITION
By Mabel Pais The Sound Unseen Film + Music Festival (November 3-6 in Austin, November 9-13 in Minneapolis) presents its annual 23rd edition of the popular film festival. With an expansion of screening presentations in […]
Incredible India
Dooars: India’s gateway to Bhutan
Starting from river Teesta in the East to river Sankoshi in the west, Dooars is a local name given to the floodplains of North-East India around Bhutan. The name ‘Dooars’ has emerged from ‘door’ as […]
Indian Americans
An Indian American pilot and two others die in Florida plane crash
TAMPA, FL (TIP): Indian American Jemin Patel tragically lost his life, along with two others, when the single-engine Beechcraft Bonanza V35 he was piloting crashed into a mobile home park in Clearwater, Florida, last Thursday, […]
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