Naspers Sells 12 Million Remitly Shares for $191.8 Million
ByAinvest
Tuesday, Mar 17, 2026 10:45 am ET1min read
RELY--
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.
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