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.
Frontpage News
Elections Canada 2019
Canada Elections 2019: Record number (50) of candidates of Indian origin in the fray Canada is all set to go for the Federal Elections 2019. On September 11, Prime Minister Justin Trudeau will go to […]
United States
Batukamma, Telangana’s Floral Festival celebrated with traditional flavor
CHICAGO, IL(TIP): Telugu Association of Greater Chicago (T.A.G.C – First Telugu association in North America) celebrated Batukamma/Dusshera in grand scale with the support of Telangana State Government Tourism department and the American Telangana Association. People […]
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