Mobikwik received non-convertible debentures worth ₹147.11 Crore from its subsidiary, MDSPL, as consideration for the previously announced slump sale of its Lending Services Provider Business.
One Mobikwik Systems Limited completed the slump sale of its Lending Services Provider Business to its subsidiary, MobiKwik Distribution Services Private Limited, for ₹95.22 Crore.
MobiKwik completed the transfer of its digital lending business to subsidiary MDSPL, following shareholder approval. It also appointed Manish Pathania as CBO of MDSPL.
One Mobikwik Systems Limited has completed the slump sale of its lending services provider business to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited.
One MobiKwik Systems will invest ₹1 Crore into its wholly-owned subsidiary, Mobikwik Securities Broking, to support its stock and commodity broking business operations.
One MobiKwik Systems will invest ₹60.85 Crore into its wholly-owned subsidiary, MobiKwik Distribution Services, to bolster its lending services operations. This infusion follows previous shareholder approval.
One MobiKwik Systems Limited approved a ₹61.8451 Crore capital infusion into its wholly-owned subsidiaries, MobiKwik Distribution Services and MobiKwik Securities Broking, to support their business operations.
MobiKwik secured shareholder approval to sell its Lending Services Provider business to a subsidiary. FY26 EBITDA improved to INR -5 crore, reversing a steep prior loss.
MobiKwik approved transferring its Lending Services Provider business to subsidiary MDSPL for ₹95.22 Crore. This restructuring aims to streamline core digital lending operations.