MobiKwik Shares Rally 15% On Block Deal Buzz

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SUMMARY

Shares of MobiKwik rallied close to 15% on the BSE today (On June 26) hitting its peak at INR 282.65 apiece

The stocks of the fintech major surged after 8.98% equity worth INR 168 Cr changed hands in a block deal

Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa’s Net1 UEPS Technologies, was looking to offload 8% of its stake in MobiKwik

Shares of One MobiKwik Systems Limited, the parent entity of fintech major MobiKwik, rallied close to 15% on…



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MobiKwik Shares Rally 15% On Block Deal Buzz


SUMMARY

Shares of MobiKwik rallied close to 15% on the BSE today (On June 26) hitting its peak at INR 282.65 apiece

The stocks of the fintech major surged after 8.98% equity worth INR 168 Cr changed hands in a block deal

Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa’s Net1 UEPS Technologies, was looking to offload 8% of its stake in MobiKwik

Shares of One MobiKwik Systems Limited, the parent entity of fintech major MobiKwik, rallied close to 15% on…



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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