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Tiger Global Looks To Sell 21% Stake In Policybazaar At A Valuation Of $1.5bn

by moneycontrol.com posted 5days ago 6 views
Among the possible investors, with whom discussions are underway, are Chinese internet giant Tencent and Japan’s SoftBank Vision Fund. : New York-based hedge fund Tiger Global Management is eyeing a $1.5 billion valuation for its 21 percent stake sale in Etechaces, which owns PolicyBazaar and Paisabazaar, The Times of India reports. Sources told the paper that the investment firm has pegged the deal size at $300 million. Among the possible suitors are Chinese internet giant Tencent and Japan’s SoftBank Vision Fund.

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