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While TVS Motor will sell 11,997 Series D CCPS of Rapido to Accel worth INR 143.96 Cr, it will divest another 11,998 Series D CCPS to Prosus for a sum of INR 144.97 Cr
The auto maker said that the deal, which aims to “monetise” its investment in Rapido, will be subject to regulatory approvals obtained by the two acquirers
This follows another investor and foodtech major Swiggy, last month, also approving the sale of its stake in Rapido to Westbridge and Prosus for about INR…
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.
While TVS Motor will sell 11,997 Series D CCPS of Rapido to Accel worth INR 143.96 Cr, it will divest another 11,998 Series D CCPS to Prosus for a sum of INR 144.97 Cr
The auto maker said that the deal, which aims to “monetise” its investment in Rapido, will be subject to regulatory approvals obtained by the two acquirers
This follows another investor and foodtech major Swiggy, last month, also approving the sale of its stake in Rapido to Westbridge and Prosus for about INR…
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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