MobiKwik incorporates wholly owned NBFC subsidiary

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Digital payments platform One MobiKwik Systems has incorporated a subsidiary to offer non-bank financial services, according to an exchange filing on Wednesday.

The Mobikwik parent told exchanges it has incorporated Mobikwik Financial Services Pvt Ltd (MFSPL) after receiving the required approvals from the Ministry of Corporate Affairs and Central Processing Centre. MFSPL will be a wholly owned subsidiary of MobiKwik, falling under the purview of related party transactions, the company said in the filing.

A non-banking finance company, MFSPL will…



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MobiKwik incorporates wholly owned NBFC subsidiary


Digital payments platform One MobiKwik Systems has incorporated a subsidiary to offer non-bank financial services, according to an exchange filing on Wednesday.

The Mobikwik parent told exchanges it has incorporated Mobikwik Financial Services Pvt Ltd (MFSPL) after receiving the required approvals from the Ministry of Corporate Affairs and Central Processing Centre. MFSPL will be a wholly owned subsidiary of MobiKwik, falling under the purview of related party transactions, the company said in the filing.

A non-banking finance company, MFSPL will…



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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