MobiKwik converts into public entity; rewards co-founders

MobiKwik is gearing up to go public in the coming months and likely to file its Draft Red Herring prospectus or DRHP later this month. Moving in that direction, its board has passed a special resolution to approve the conversion of MobiKwik’s holding entity to a public entity from a private limited firm. The newly formed entity is called One Mobikwik Systems Limited.