SoftBank sold 45 million shares in Uber Technologies to cover its losses on its investment in Didi Global and Alibaba, a source familiar with the matter said. Uber shares were down 4.6 per cent at $44 in extended trading. Any buyer will have a 30-day lockup period. SoftBank has lost about $4 billion on its investment in Didi Global. It has also experienced a decrease in the valuation of Alibaba.

• Zen Tech Shares Gain 2% on Acquiring Patent for T-90 CGS
• Premier Energies Shares Soar 4% on Arm Bagging Multiple Orders Worth Rs 1,087 Crore
• Hitachi Energy Shares Surge 9% on Bagging Khavda Nagpur Project; BHEL Shares Up 2% 
• VI shares Skyrocketed 18% as Union Cabinet Waivers Bank Guarantee 
• Stocks Under F&O Ban: Gujarat Narmada Valley and Others 

The news comes after Uber stocks increased a little bit after the company’s trucking unit announced shipping software company Transplace from TPG Capital for around $2.25 billion. SoftBank invested in 2018 in Uber. In 2019, SoftBank Vision Fund added $333 million to Uber. Recently, Uber introduced SoftBank as “a large stockholder.”