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Prosus gains over $2 billion on Swiggy investment
short by Mansi Agarwal / on Wednesday, 13 November, 2024
Investment firm Prosus said it gained over $2 billion on its Swiggy investment, which made its stock market debut on Wednesday. Prosus and its controlling shareholder Naspers had invested around $1.3 billion for a 31% stake in Swiggy. Prosus sold shares worth about $510 million in the IPO but will continue to retain a 25% stake in the company.
read more at Moneycontrol