Prosus cashes out of Delivery Hero and backs Indian fintech Navi
Delivery Hero exit locks in cash Prosus agreed to sell its roughly 17% stake in Delivery Hero into Uber's €41.50-a-share takeover, a big premium to where the shares traded before the bid. That turns a long-held investment into cash and removes a loss-making holding, which investors read as good for Prosus shares.
The Delivery Hero sale is the period's biggest value event for Prosus and the main reason its shares moved.
New $100m bet on India's Navi Prosus is putting $100 million into Indian fintech Navi ahead of its IPO, valuing Navi at about $1.3 billion. It is a fresh growth investment in a fast-growing market, showing Prosus is still finding new places to put its cash rather than only selling assets.
This is the only genuinely new investment Prosus made this period and shows where its capital is going next.
Debt cut via note buyback Prosus bought back and cancelled its 2027 notes, paying about $1,002 per $1,000 of principal. Fewer bonds mean less debt and lower interest costs, which supports the value of the shares. This is a smaller, housekeeping-style positive.
The completed tender reduces Prosus's debt burden, a modest but real support for the share price.
