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.
Coronavirus
Israel Bans Travel To 7 Countries, Including India
The Israeli government on Friday, April 30, decided to ban travel of Israeli citizens to seven countries over high Covid-19 morbidity and fear of the spread of variants of the virus, according to a joint […]
Incredible India
Hill stations near Coimbatore
Coimbatore can get quite hot during the summer months. It is best to get on a weekend getaway and escape the heat at one of the numerous hill stations near Coimbatore. With places located all […]
Breaking News
‘Trump is danger to democracy’: US President Biden
Biden says he ran in 2020 because of what he described as a unique threat posed by Trump WASHINGTON, D.C. (TIP): US President Joe Biden suggested on Wednesday, April 26 that he could defeat Donald […]
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