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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.