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.
Indian Americans
Indian American Preethi Kasireddy’s startup TruStory raises $3 million in seed funding
LOS ANGELES(TIP): Indian American Preethi Kasireddy who founded TruStory, an online fact-checking platform, has raised a $3 million in seed funding. The funding will help TruStory, a Los Angeles-based startup that was launched seven months […]
Opinions
More grave than the attack 22 years ago
This time, the delinquents managed to reach the virtual heart of Parliament while the proceedings were going on in the Lok Sabha. “Officially, the new building’s five-tier security is foolproof: Visitors’ entry is through the […]
Asia
Sri Lanka cancels Pak PM’s address to Parliament
Colombo/Islamabad (TIP): Sri Lanka has cancelled Pakistan Prime Minister Imran Khan’s planned address to its Parliament during his upcoming visit to Colombo, according to media reports. Sergeant-at-Arms of Parliament Narendra Fernando said he had informed […]
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