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MobiKwik IPO: Draft papers filed for Rs 1,900 crore Initial Public Offer
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Mobikwik files DRHP to raise Rs 1,900 crore via IPO
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MobiKwik files draft papers for Rs 1,900 crore IPO: Check details here
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Mobikwik plans to raise up to $300 million via IPO, set to file DRHP
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Mobikwik completed the paperwork on Thursday and could file it with the Securities and Exchange Board of India soon, a person aware of the matter said.
ETtech
Illustration: Rahul Awasthi
Digital payments startup Mobikwik is planning to raise $250-$300 million through an initial public offering (IPO) and is set to file a Draft Red Herring Prospectus (DRHP) with the capital markets regulator within a week, sources said.
The development comes close on the heels of rival
Paytm’s plan to file a DRHP ahead of its planned IPO slated for November and as a host of new-age Indian startups look to list publicly later this year.
Will Section 66A finally be laid to rest?
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Last Monday, the
Supreme Court of India said it was “shocked” that police across the country continue to charge people under
Section 66A of the Information Technology Act, a law it struck down as unconstitutional in March 2015. “You file a counter as it is a shocking state of affairs,” Justice Rohinton Fali Nariman told Attorney General KK Venogopal, who sought two weeks to reply.
Will 2021 be the year that Indians are finally freed from the clutches of this atrocious “zombie law”?