ShareChat explores raising $200 Mn debt from Chinese firm Tencent
Shortpedia
Content Team
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Indian vernacular social media platform ShareChat is reportedly in talks to raise $200 Mn from Chinese tech giant Tencent through optionally convertible debentures (OCDs). According to report, which first reported the development, the investment is likely to come from a Europe-based entity, in order to circumvent India’s foreign direct investment (FDI) rules.
