CCI Clears Prosus Stake Acquisition In Rapido

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SUMMARY

CCI has approved Prosus’ entity MIH Investments One BV stake acquisition in ride-hailing unicorn Rapido, months after it was reported to be looking to purchase shares in the startup

This comes after Rapido investors Swiggy and TVS Motors both announced their divestments in Rapido, selling their shares to the Dutch VC firm in secondary transactions

Beyond the secondary transactions, Prosus has also been in talks with Rapido to purchase fresh equity shares over the past several months

The Competition Commission of…



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CCI Clears Prosus Stake Acquisition In Rapido


SUMMARY

CCI has approved Prosus’ entity MIH Investments One BV stake acquisition in ride-hailing unicorn Rapido, months after it was reported to be looking to purchase shares in the startup

This comes after Rapido investors Swiggy and TVS Motors both announced their divestments in Rapido, selling their shares to the Dutch VC firm in secondary transactions

Beyond the secondary transactions, Prosus has also been in talks with Rapido to purchase fresh equity shares over the past several months

The Competition Commission of…



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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