In the first half of this year, the company has done about $750 million in deals, and there are some near-term opportunities, Naspers CFO said.
The deal will enable Tokio to gain a foothold in markets such as South Africa and Botswana from its base in Chiyoda-Ku, Japan.
The company takes “very seriously” the difference in value between its stake in Chinese internet giant Tencent and the firm as a whole, CEO Bob Van Dijk said.
Naspers bought into Flipkart in 2012 and has invested a cumulative $616 million. The sale value of its stake was $2.2 billion.
Naspers Ltd., frustrated that investors give it no credit for its investments other than a stake in Chinese Internet behemoth Tencent Holdings Ltd., is considering listing some businesses on the stock market to highlight their value.
Naspers is selling $10.6 billion of shares in Tencent, equal to 2% of the stock in the Chinese operator of the WeChat messaging service.
Naspers invested an initial $80 million in Swiggy, the largest food delivery business in India, in May last year.
The deal, which has been concluded, is worth as much as 3.5 billion rand ($256 million).
Its 33% shareholding in Tencent is worth about $166 billion, while Naspers itself is valued at $123 billion.
As pay isn’t aligned to the performance of the business outside a stake in Tencent.