Uber India Systems assigns shares worth Rs 2,540 to the Dutch group entity

New Delhi, November 4 () Uber India Systems (UIS), which manages the travel business of the US-based firm. UU. In India, it has allocated approximately Rs 1.59 million of its shares worth Rs 2,540 million to Uber BV, according to regulatory documents.

The Board of UIS approved on October 1 the allocation of 1.14 million shares of crore to Uber BV for the transfer of Rides Contracts and Rides Data, according to the documents obtained by the Tofler business intelligence platform.

The Board also authorized the allocation of 44.98 lakh shares as consideration (other than cash) for the transfer of Eats contracts and Eats data, according to the documents. These share assignments were approved with a premium of Rs 1,578.20 per share.

Uber India declined to comment on a detailed consultation on development.

The Dutch entity, Uber BV, has no commercial presence in India and appointed UIS to provide marketing support services for travel and Eats business in India.

Uber India has not received funds for the issuance of the shares, Tofler said and added that the issuance of shares by Uber India to Uber BV in consideration of the transfer of the 'Intangible Asset of India Rides' and' The intangible asset India Eats '.

The documents showed that India Rides Intangible Asset includes commercial and commercial contracts of Uber BV with customers and users in India, and the data associated with them. Similarly, India Eats Intangible Asset includes contracts and data for the Eats business in India.

In a separate statement, Uber announced on Monday a new campaign to promote the use of public transport in the Delhi-NCR region in view of the poor air quality in the region.

The #LeaveYourCarBehind campaign aims to encourage citizens to help improve the air quality of Delhi-NCR by sharing mobility assets and choosing options such as sharing the trip and sharing the car, rather than the routine of one person per car, Marketing Director of Uber India and South Asia, Manisha Lath Gupta said.

The campaign is launched on November 4, along with the 'odd' initiative of the Delhi government, and will continue for the next four weeks, he added.

Through the campaign, Uber aims to raise awareness about the impact of personal property cars on city air quality, and encourage citizens to unite to pave the way to smarter, cleaner and more cities. sustainable. The campaign is supported by associations such as URJA (lead agency of the Resident Welfare Association), the Delhi Clean Air Forum and the Lung Care Foundation. SR MBI HRS