Naspers Sells 12 Million Remitly Shares for $191.8 Million

Naspers Ltd. sold 12 million Remitly shares for $191.8 million, reducing its indirect ownership by 47.17%. The transaction impacted Naspers's stake in Remitly but maintained a substantial economic interest and potential governance influence through affiliated entities. Remitly offers digital cross-border remittance services in approximately 150 countries, targeting immigrant communities as its primary customer base.