One97 Mobility Fund, the corporate venturing unit of the eponymous India-based mobile group, has made its second exit by selling its stake in Singapore-based mobile social gaming platform TheMobileGamer (TMG).

The deal involves stake sale by existing shareholders of TMG and a fresh issue of shares to local telecom firm SingTel and Japan’s Softbank, after which each will hold 41.08%.

SingTel said it was acquiring 35.5% from existing shareholders for S$1.8m ($1.5m) and subscribing 11.48 million series B preferred shares…

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