Uber India Systems allots Rs 2,540-cr shares to a Dutch group entity

Uber India Systems (UIS), which runs the US-based firm’s rides business in India, has allotted about 1.59 crore of its shares worth about Rs 2,540 crore to Uber BV, according to regulatory documents.

The Board of UIS on October 1 approved the allotment of 1.14 crore equity shares to Uber BV for the transfer of Rides Contracts and Rides Data, documents sourced by business intelligence platform Tofler showed.

The Board had also cleared the allotment of 44.98 lakh shares as consideration (other than cash) for the transfer of Eats Contracts and Eats Data, according to the documents. These allotment of shares were approved at a premium of Rs 1,578.20 per share.

Uber India declined to comment on a detailed query on the development.