Photo: Republic World
SEBI Allows MobiKwik To Launch IPO & Raise Rs 1,900 Cr Capital
Securities and Exchange Board of India (SEBI) has reportedly granted its approval to MobiKwik, a mobile wallet, to launch an IPO. Reportedly, the company will raise the capital up to Rs 1,900 core through the IPO of which Rs 1,500 crore would come from new shares and Rs 400 crore from the offer for sale (OFS). The company will use the money to fund its organic and inorganic growth.
Tags: IPO, Mobikwik, SEBI, Share
Courtesy: Mint
Photo: Free Press Journal
MobiKwik Plans Third Party Forensic Audit Over Data Breach Claims
Mobile payment application MobiKwik has announced a third-party forensic data security audit after claims of a data breach resurfaced. Reportedly, it has been claimed that the data of 10 crore MobiKwik users have been put on for sale on Darkweb. Denying the breach, MobiKwik stated, "All MobiKwik accounts and balances are completely safe.” However, mentioning Darkweb data, MobiKwik said that "any user could have uploaded her/ his information… read-more
Tags: Data Breach, Mobikwik, cybersecurity, Data Privacy
Courtesy: The Indian Express
