Technology
Mobikwik gets Sebi approval for Rs 1,900 crore IPO
Fintech giant Mobikwik has received approval from the Securities and Exchange Commission of India (SEBI) to launch its 190 crore initial public offering (IPO), paving the way for the first Indian fintech company to list on the exchange.
The two are familiar with this The matter told “Business Today”. The scale of the IPO issuance includes the issuance of new shares not exceeding Rs 1,500 crore, as well as a sale offer of up to Rs 4 crore to certain existing shareholders. According to sources, Mobikwik will invest the proceeds of the IPO to expand its mobile wallet and develop its buy-be-pay-late (BNPL) platform through organic and inorganic initiatives.
The Gurgaon-based company submitted the Red Herring Draft Prospectus (DRHP) in July this year. British Telecom has contacted the company for official comments. The story will be updated when they respond. Mobikwik was launched as a wallet in 2009 and launched its BNPL platform in 2019, focusing on solving India’s unmet credit needs. Its BNPL platform combines the convenience of daily payment and the specific advantages of BNPL, but uses big data.
According to the company, as of June 30, 2021, the number of pre-approved users of the platform has reached 23 million, an exponential increase. Mobikwik also raised more than US$35 million in 2021, the most recent being US$20 million from the Abu Dhabi Investment Authority, Qatar, in June this year.
ICICI Securities Co., Ltd., BNP Paribas, Credit Suisse Securities (India) Pte Ltd, IIFL Securities Co., Ltd. and Jefferies India Pte Ltd are the lead managers of the IPO’s bookkeeping operations.
News Source : Businesstoday.in
Hollywood
Tom Holland to star alongside Matt Damon in Christopher Nolan’s next, will juggle that with Spider-Man 4 in 2025
Tom Holland, last seen in Apple TV show The Crowded Room last year, has signed his next with Academy Award-winning filmmaker Christopher Nolan.
Tom Holland is going to have a very busy 2025. As per The Hollywood Reporter, the actor has signed Christopher Nolan’s next, which he will juggle the filming of with that of the long-awaited Spider-Man 4. (Also Read – Tom Holland shares why he left alcohol behind: ‘Struggling without booze…’)
Tom signs Nolan’s next
This will mark the first collaboration between Tom and Christopher. While details of his next directorial aren’t known yet, it’s most likely not to have a contemporary setting. It’ll be either set in the past like, his previous film Oppenheimer (2023), or in the future like Interstellar (2014). Matt Damon, who has worked with Christopher in both, has also come on board his next.
Christopher’s next will be co-produced by him and his wife Emma Thomas’ banner Syncopy Inc and Universal Pictures, as the two production houses will team up after the Academy Award-winning blockbuster Oppenheimer last year. Prior to Oppenheimer, Christopher collaborated mostly with Warner Bros before having a fallout post the debacle of Tenet (2020).
Warner Bros then went on to produce Greta Gerwig’s musical satire Barbie, which clashed with Oppenheimer at the box office and even outperformed it globally. Warner Bros offered Christopher a cheque for the fees he waived off for helming Tenet during the pandemic. While Christopher graciously accepted the belated remuneration, he still went on to pitch his next to Warner Bros.
Tom’s busy schedule
Tom didn’t have any release this year. His last outing was Todd Graff’s psychological thriller show The Crowded Room on Apple TV last year. He’ll juggle the filming of Christopher Nolan’s next and Spider-Man 4 in 2025. Tom has been playing the superhero ever since Russo Brothers’ 2016 blockbuster Captain America: Civil War. He’s slipped into the Peter Parker shoes post that for three standalone films and two Avengers movies. Spider-Man 4 will be helmed by Shang-Chi and the Legend of the Ten Rings director Destin Daniel Cretton.
As Tom’s girlfriend and co-star Zendaya will be busy filming Spider-Man 4 in 2025, she’ll reprise her role of Chani in Denis Villeneuve’s sci-fi spectacle Dune 3 only in 2026. Meanwhile, Tom is also likely to make an appearance as Spider-Man in Russo Brothers’ Avengers: Doomsday, which will go on floors in the spring of 2025.
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