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.
Breaking News
2 million more Economic Impact Payments disbursed under the American Rescue Plan; total reaches approximately 161 million as payments continue
WASHINGTON(TIP): The Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced, April 22, they are disbursing nearly 2 million payments in the sixth batch of Economic Impact […]
Featured
Aviation Industry in the Republic of India
At independence, the government had taken 49 percent stake and then full ownership in 1953 through nationalisation. The clock has turned a full circle and much more promises are in the air. The initial baby […]
Indian Americans
British Indian author reinvents Princess Sophia Duleep Singh as a role model for children
Nirpal S Shergill LONDON (TIP): Princess Sophia Duleep Singh deserves more attention as a role model for young girls in Britain, says British Indian author Suifya Ahmed about her new children’s book on the granddaughter […]
Be the first to comment