Bajaj Finance to acquire 12.6% in Mobikwik
Bajaj Finance on Tuesday said it will acquire 12.60% stake in digital wallet startup Mobikwik, in contrast to earlier stated 10.83% stake. Bajaj attributed it to the change in the conversion price of compulsory convertible cumulative preference shares. Earlier it was reported that the deal would value Mobikwik at around $327 million for 10.83% stake.