Tuesday, July 16, 2024
Outlook India
Outlook Business

Masayoshi Son

Bloomberg reported that the investment firm plans to invest a total of $100 billion, with $30 billion originating from the firm itself and the remaining $70 billion from institutions in the Middle East.

Ritesh recently got married to Geetansha Sood in Delhi

Son also attended Oyo Founder Ritesh Agarwal's wedding festivities in the capital

The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

Prior to this, SoftBank offloaded shares worth $75 million in the initial public offer (IPO) of Delhivery, in March 2022

The base price for this block deal could be fixed at Rs 440 per share

The company is also planning to infuse an additional amount in Vision Fund 2. The company will make a decision in the coming months as per the report

He will be assisted by Sarthak Misra and Narendra Rathi, investment directors at Softbank's Indian office