Prosus acquires an 8.4 per cent stake in Vastu Housing, enhancing its position in the affordable housing sector and supporting underserved communities
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Founders Gaurav Singh Kushwaha and Ganesh Krishnan own approximately 14 per cent of the business, according to media reports.
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Despite these secondary transactions occurring at a discount, financial experts remain optimistic that Swiggy will debut with a market capitalisation between USD 10-13 billion (around Rs 83,480 crore to Rs 1,08,525 crore)
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HSBC's latest note revealed that the ongoing cash crunch and multiple legal cases have rendered this investment worthless. Previously, HSBC had valued Prosus' stake by applying an 80 per cent discount to Byju's latest publicly disclosed valuation
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