MobiKwik Shares Crash 10% As Lock-In Period Ends

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SUMMARY

With this, the stock has fallen almost 12% compared to its IPO issue price of INR 279

Notably, shares of MobiKwik declined over the preceding four trading sessions after the finance ministry dismissed reprt around imposing MDR on UPI transactions

MobiKwik’s net loss surged to INR 56.03 Cr in Q4 FY25 from a loss of INR 67.1 Lakh in the same quarter last year

Shares of MobiKwik slumped as much as 9.8% to INR 243 intraday today following the end of the six-month lock-in period for pre-IPO shareholders.

According to…



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MobiKwik Shares Crash 10% As Lock-In Period Ends


SUMMARY

With this, the stock has fallen almost 12% compared to its IPO issue price of INR 279

Notably, shares of MobiKwik declined over the preceding four trading sessions after the finance ministry dismissed reprt around imposing MDR on UPI transactions

MobiKwik’s net loss surged to INR 56.03 Cr in Q4 FY25 from a loss of INR 67.1 Lakh in the same quarter last year

Shares of MobiKwik slumped as much as 9.8% to INR 243 intraday today following the end of the six-month lock-in period for pre-IPO shareholders.

According to…



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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