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Mobikwik gets Sebi approval for Rs 1,900 crore IPO

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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.

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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

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$92.8 million

Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

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Akshay Kumar wishes director Priyadarshan on birthday with Bhooth Bangla BTS pic: ‘Surrounded by ghosts…

Akshay Kumar and Priyadarshan, the acclaimed Indian director, celebrated their 68th birthday on Instagram. Kumar, who has worked with Priyadarshan on several cult comedies of the early 2000s, wished him a happy birthday and called him a mentor. The duo is now back together for their upcoming horror-comedy, Bhooth Bangla.

The first poster of the movie has been released, and it is expected to hit theaters in 2025. Akshay Kumar wore a black fedora and a green jacket, layered over a black tee, and fans have expressed their excitement for their new movie.

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The duo’s dynamic and deep bonding have been praised by fans, who have expressed high anticipation for their new movie. The first poster of Bhooth Bangla has already been released, and the movie is expected to hit theaters in 2025.

Akshay Kumar, the versatile Bollywood actor, recently celebrated director Priyadarshan’s birthday by sharing a behind-the-scenes (BTS) photograph from their upcoming film, “Bhooth Bangla.” In the image, Akshay humorously captioned, “Surrounded by ghosts…” The photo features Akshay alongside Priyadarshan and co-actor Paresh Rawal, all dressed in traditional attire, with a black cat perched on Akshay’s shoulder, adding a whimsical touch to the scene.

Reunion After 14 Years

This collaboration marks a significant reunion between Akshay Kumar and Priyadarshan, who last worked together on the film “Bhool Bhulaiyaa” in 2007. Their partnership has been celebrated in the past for delivering successful comedies like “Hera Pheri” and “Garam Masala.” Fans have eagerly anticipated their return to the big screen together, and “Bhooth Bangla” promises to be a delightful addition to their repertoire.

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About ‘Bhooth Bangla’

“Bhooth Bangla” is a horror-comedy that blends elements of suspense with humor, a genre in which both Akshay Kumar and Priyadarshan have excelled. The film is produced by Balaji Telefilms Ltd in association with Cape of Good Films. The motion poster released earlier this year features Akshay Kumar in a suit, with a cat on his shoulder, licking milk slyly, setting the tone for the film’s intriguing and humorous premise.

instantbollywood.com

Anticipation and Fan Reactions

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The BTS photo shared by Akshay Kumar has generated excitement among fans, who are eager to see the trio back together on screen. The playful caption and the presence of the black cat suggest that “Bhooth Bangla” will offer a mix of thrills and laughs, staying true to the successful formula of their previous collaborations.

As the release date for “Bhooth Bangla be a significant highlight in the upcoming entertainment lineup. The reunion of Akshay Kumar, Priyadarshan, and Paresh Rawal, combined with the intriguing premise and the playful BTS moments, has set high expectations among audiences. Fans can look forward to a cinematic experience that promises both chills and chuckles.

For a visual glimpse into the making of “Bhooth Bangla,” you can watch the following video Akshay Kumar expressed his gratitude as they once again united for their upcoming movie Bhooth Bangla. This marks a new chapter in their long-standing collaboration since the 2000s. He shared a picture from behind the scenes of their new movie, where it seems like they are laughing about something.

Akshay wrote,”Happy Birthday, Priyan Sir! What better way to celebrate than by spending the day on a haunted set, surrounded by ghosts…both real and unpaid extras? Thank you for being a mentor, and the only person who can make chaos look like a masterpiece. May your day be filled with fewer retakes. Wishing you a fantastic year ahead!”

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