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Prosus Earns $2B from Swiggy Stake Amid IPO

  • Prosus NV has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond Tencent.
  • The company will sell shares in the IPO, retaining 25% of Swiggy, similar to its stake in Tencent.
  • Prosus's investment in several Indian companies, including Swiggy, is expected to benefit from the fast-growing Indian market.

Source: Bloomberg

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Prosus Plans PayU IPO in India for 2025

  • Prosus is planning for PayU's IPO in 2025, after initial plans for 2024 were deferred.
  • Goldman Sachs has been finalized as the lead banker for the public issue, with the DRHP likely to be filed by early 2025.
  • This follows Prosus'...
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