PayU India receives additional Rs 303 Cr from Prosus

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…