Uber likely to sell 7.8% stake in Zomato, says report


Published on Aug 02, 2022 07:04 PM IST

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.

A screen displays the company logo for Uber Technologies Inc at the New York Stock Exchange.(Reuters file photo)
A screen displays the company logo for Uber Technologies Inc at the New York Stock Exchange.(Reuters file photo)
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.


Close Story



Source link

Leave a Reply

Your email address will not be published.

%d bloggers like this: