What's Behind Naspers's Steady Exit From Remitly? [Yahoo! Finance]
NASPERS LTD S/ADR (NPSNY)
NASDAQ:AMEX Investor Relations:
naspers.com/news/publication-of-prospectus-and-expected-admission-o
Company Research
Source: Yahoo! Finance
Naspers LTD. Sells 12 Million Remitly shares for $191.8 Million Remitly (NASDAQ:RELY) reported that Naspers Ltd, through indirect ownership structures, disposed of 12,000,000 shares of common stock in an open-market sale for a total consideration of approximately $191.8 million, according to its SEC Form 4 filing Transaction summary Metric Value Shares sold (indirect) Transaction value $191.8 million Post-transaction shares (direct) Post-transaction shares (indirect) Post-transaction value (direct ownership) Transaction value based on SEC Form 4 reported price ($15.98); post-transaction value based on March 12, 2026 market close ($15.53). Key questions How did this transaction impact Naspers Ltd's stake in Remitly? The transaction reduced Naspers Ltd's indirect ownership by 47.17%, decreasing its position from 25,441,745 to 13,441,745 shares, while direct holdings remained at zero throughout. What was the structure of the share sale? All shares were so
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News
- Is Naspers (NPSNY) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Naspers (OTCMKTS:NPSNY) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=NPSNY&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street Zen</MarketBeat
- Naspers (OTCMKTS:NPSNY) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Naspers (JSE:NPN) shareholders have earned a 16% CAGR over the last three years [Yahoo! Finance]Yahoo! Finance
- Naspers (OTCMKTS:NPSNY) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat