Grab deal may be the last time Uber has taken minority stake in a company

The ride-hailing giant is seeking to calm frayed nerves of employees after its recent deal with Singapore's Grab

Uber top boss Dara Khosrowshahi has told his employees the company’s deal with Singapore-based ride-hailing firm Grab is the last time it has a minority stake after the merger anywhere in the world.

He indicated that in case a merger with Indian rival Ola happens, Uber will be the majority partner, according to sources close to the US-based company. 

Quelling fears of a takeover by Ola, which is also funded by Uber’s major investor SoftBank Group, Khosrowshahi made it clear the company was not ceding its position in India, one of its core markets.

The company is understood to have no intention of