Future Tech
Uber likely to sell 7.8% stake India's Zomato - source, document
NEW DELHI - 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.
- Reuters
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