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Bajaj Finance buys stake in MobiKwik

/ Aug 03, 2017, 15.41 PM IST

Bajaj Finance Ltd said, it would buy nearly an 11 percent stake in mobile payments wallet company One MobiKwik Systems Private Ltd for about 2.25 billion rupees ($35.36 million). Bajaj Finance will enter into a subscription agreement with MobiKwik to buy 10 equity shares and 271,050 compulsory convertible preference shares (CCPS).

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