Prosus gains $2 billion on Swiggy investment with IPO valuation

November 13, 2024

Prosus NV, Tencent’s top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent. Prosus and Naspers Ltd. invested $1.3 billion for a 31% stake in Swiggy, which is aiming for an IPO valuation of up to $11.3 billion in India.

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Manipal, IHH, EQT & others eye Sahyadri Hospitals in Rs 5,000 crore bidding war

Manipal Hospitals, IHH Healthcare, and Blackstone-owned Quality Care India are among the frontrunners vying for Sahyadri Hospitals, Maharashtra’s largest hospital chain, with bids ranging from

May 5, 2025

Oil slumps after OPEC+ plan, US stock futures drop

Crude oil fell 3.4% after the group of oil-producing nations continued an accelerated revival of supply that’s sent prices plunging. US equity-index futures dropped 0.5%,

May 5, 2025

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