Peak XV Partners completes full exit from One MobiKwik through Rs 130 crore block deal. The venture capital firm sold 60.8 lakh shares representing 7.7% equity at Rs 214 per share, a 4.88% discount to previous closing price. Investment firms including Florintree Advisors, Viridian Asset Management, and Dymon Asia acquired stakes in the transaction. One MobiKwik shares surged 8% to Rs 243 on BSE following the RBI's approval of the company's NBFC licence application. This regulatory milestone enables launch of MobiKwik Financial Services Private Limited, a wholly owned subsidiary focused on expanding regulated lending capabilities. The new entity will serve consumers and MSMEs with secured and unsecured lending solutions across underserved geographies.
Post from MarketNews_en
Log in to interact with content.