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What's Behind Naspers's Steady Exit From Remitly?

TheMotleyFool

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What's Behind Naspers's Steady Exit From Remitly?: https://cdn.content.foolcdn.com/images/1umn9qeh/production/782b0b9f4f412d891de6f8f7670abc6b1a621e10-1401x1251.png?rect=76,0,1251,1251&w=384&h=384&q=75&fit=crop&auto=format

Remitly (NASDAQ:RELY) reported that Naspers Ltd, through indirect ownership structures, disposed of 12,000,000 shares of common stock in an open-market sale for a total consideration of approximately $191.8 million, according to its SEC Form 4 filing.

Transaction value based on SEC Form 4 reported price ($15.98); post-Transaction value based on March 12, 2026 market close ($15.53).

* 1-year performance calculated using March 12, 2026 as the reference date.

Source Fool.com