FinTech
PayU Bags INR 1,013 Cr Via Rights Issue From Parent Prosus
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SUMMARY
The board of PayU issued 13 Cr equity shares of face value of INR 10 each at a premium of INR 67.96 per share to raise the sum from MIH Payments Holdings BV
MIH Payments Holdings BV is the investment arm of the Naspers Group, which holds a 73.27% controlling stake in Prosus
The rights issue comes months after Prosus president and chief investment officer Ervin Tu said that the investment firm was aiming to list PayU on the Indian bourses in 2025
PayU has raised INR 1,013 Cr (around $120 Mn) from its parent and Dutch…
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