One97-SAIF Mobility Initiative – link to facts
Many of you may have caught the One97-SAIF partners Mobility Initiative news by now. We are extremely proud of being part of an initiative like this. As a team that has seen this industry take shape, we realize that this is just a beginning. Life on the m-screen only gets interesting and better.
Since there are a few discrepancies in some stories being circulated in some sections of the media. Here is the link to the official release.
The total allocation of USD 100 million has been made towards the Mobility Initiative and not Rs 500 crore as being quoted in some places.
Regarding the One97 tenCube transaction, we suggest anyone who wishes to know details of the transaction goes through the DRHP filed with SEBI. The document also shares all relevant business information that one may want to read.
The link is here http://www.sebi.gov.in/dp/one97draft.pdf
If you are a journalist, tracking the sector or have any questions for us, write to us at email@example.com, the One97 team will be happy to talk to you.