Edition:
United Kingdom

Bajaj Finance Says Co To Now Hold About 12.60 Pct Of Equity In Mobikwik


Monday, 15 Jan 2018 

Jan 15 (Reuters) - Bajaj Finance Ltd ::SAYS ENTERED INTO A SUBSCRIPTION AGREEMENT WITH ONE MOBIKWIK SYSTEMS PRIVATE LIMITED.POST CONVERSION OF CONVERTIBLE CUMULATIVE PREFERENCE SHARES, CO WOULD HOLD ABOUT 10.83 PERCENT OF EQUITY IN MOBIKWIK.SAYS VALUE OF TRANSACTION ENVISAGED IS ABOUT 2.25 BILLION RUPEES.DUE TO CHANGE IN CONVERSION PRICE OF CCCPS, CO TO NOW HOLD ABOUT 12.60 PERCENT OF EQUITY IN MOBIKWIK.