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.
NY/NJ/CT
Sikh mayor of Hoboken city in New Jersey gets letters threatening to kill him, family
HOBOKEN, NJ (TIP): The Indian-origin Sikh mayor of Hoboken city in the US state of New Jersey has opened up about being the target of a series of letters that threatened to kill him and […]
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 […]
Science & Technology
Chinese hackers luring Indian WhatsApp users into ‘part-time’ jobs
In fresh trouble for WhatsApp, which is facing backlash over its upcoming user data policy in India, New Delhi-based think-tank Cyberpeace Foundation said on Monday that China-based hackers are targeting WhatsApp users in the country […]
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