India's MobiKwik to launch scaled-down $67m IPO next week

Indian digital payments firm MobiKwik, backed by the Abu Dhabi Investment Authority (ADIA) and Bajaj Finance, announced on Friday that it has set a price band of Rs 265 to Rs 279 per share for its initial public offering (IPO), aiming to raise up to Rs 572 crore ($67 million). This target is lower than its earlier plan to raise Rs 700 crore ($84 million).