MobiKwik To Pick Up Additional 3.39% Stake In Blostem Fintech

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SUMMARY

This acquisition is the second tranche of the share subscription and shareholders’ agreement that MobiKwik signed with Blostem in March last year

Back then, it agreed to invest in the equity shares of the B2B banking infrastructure company for an amount of INR 3 Cr in two tranches

Following this, MobiKwik paid the first tranche of INR 1.5 Cr in the same month for 3.40% of equity share in Blostem

Fintech major MobiKwik is acquiring an additional 3.39% stake in B2B banking infrastructure company Blostem Fintech…



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MobiKwik To Pick Up Additional 3.39% Stake In Blostem Fintech


SUMMARY

This acquisition is the second tranche of the share subscription and shareholders’ agreement that MobiKwik signed with Blostem in March last year

Back then, it agreed to invest in the equity shares of the B2B banking infrastructure company for an amount of INR 3 Cr in two tranches

Following this, MobiKwik paid the first tranche of INR 1.5 Cr in the same month for 3.40% of equity share in Blostem

Fintech major MobiKwik is acquiring an additional 3.39% stake in B2B banking infrastructure company Blostem Fintech…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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