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Digital payments platform PayU has received an additional investment of Rs 303 crore (approximately $35.6 million) from its parent company, Prosus, through its investment arm, MIH Payments Holdings B.V., as it gears up for its initial public offering (IPO).
This comes after Prosus infused Rs 1,013 crore into PayU earlier this year in two tranches.
The PayU’s board allotted 4,86,88,258 equity shares at an issue price of Rs 62.21 per share on a right issue basis to receive the…
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Digital payments platform PayU has received an additional investment of Rs 303 crore (approximately $35.6 million) from its parent company, Prosus, through its investment arm, MIH Payments Holdings B.V., as it gears up for its initial public offering (IPO).
This comes after Prosus infused Rs 1,013 crore into PayU earlier this year in two tranches.
The PayU’s board allotted 4,86,88,258 equity shares at an issue price of Rs 62.21 per share on a right issue basis to receive the…
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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