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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
This is the third time Prosus has marked down its valuation of the beleaguered edtech firm within a year.
This is the third time Prosus has marked down its valuation of the beleaguered edtech firm within a year.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
