PayU Bags INR 1,013 Cr Via Rights Issue From Parent Prosus

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SUMMARY

The board of PayU issued 13 Cr equity shares of face value of INR 10 each at a premium of INR 67.96 per share to raise the sum from MIH Payments Holdings BV

MIH Payments Holdings BV is the investment arm of the Naspers Group, which holds a 73.27% controlling stake in Prosus

The rights issue comes months after Prosus president and chief investment officer Ervin Tu said that the investment firm was aiming to list PayU on the Indian bourses in 2025

PayU has raised INR 1,013 Cr (around $120 Mn) from its parent and Dutch…



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PayU Bags INR 1,013 Cr Via Rights Issue From Parent Prosus


SUMMARY

The board of PayU issued 13 Cr equity shares of face value of INR 10 each at a premium of INR 67.96 per share to raise the sum from MIH Payments Holdings BV

MIH Payments Holdings BV is the investment arm of the Naspers Group, which holds a 73.27% controlling stake in Prosus

The rights issue comes months after Prosus president and chief investment officer Ervin Tu said that the investment firm was aiming to list PayU on the Indian bourses in 2025

PayU has raised INR 1,013 Cr (around $120 Mn) from its parent and Dutch…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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