Shares of MobiKwik rallied nearly 15% to hit a fresh all-time high of INR 698.30 apiece on the BSE after a block deal worth INR 118 Cr was executed on the exchanges
About 18.6 Lakh shares of MobiKwik, comprising a 2.4% equity in the company, changed hands on the counter at an average selling price of INR 635 per share
With the stock getting a shot in the arm, MobiKwik’s market capitalisation zoomed to INR 5,189.45 Cr (around $608.6 Mn)
Shares of fintech major MobiKwik
rallied nearly 15% to hit a fresh all-time high of INR 698.30 apiece on the BSE today (December 26) after a block deal worth INR 118 Cr was executed on the exchanges.
About 18.6 Lakh shares of MobiKwik, comprising a 2.4% equity in the company, changed hands on the counter at an average selling price of INR 635 per share, CNBC-TV18 reported.
However, the identity of the buyers and sellers that participated in the transaction remains unknown.
MobiKwik made a stellar market debut earlier this month, with its shares listing at 442.25 apiece on the BSE, a 58.5% premium over the IPO issue price of INR 279.
At 2:06 PM, the stock was quoting at INR 668, a 51% jump from its listing price.
With the stock getting a shot in the arm, MobiKwik’s market capitalisation zoomed to INR 5,189.45 Cr (around $608.6 Mn).
(The story will be updated soon)
