Divestment18 Aug 2026, 05:30 pm
One Mobikwik Completes Slump Sale of LSP Business
AI Summary
One Mobikwik Systems Ltd has announced the completion of the slump sale of its Lending Services Provider (LSP) Business to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL). The transfer is effective from August 18, 2026. The consideration for this sale will be discharged through the issuance of Non-Convertible Debentures by MDSPL to One Mobikwik, based on the book value of the LSP business's assets and liabilities as of the appointed date. This move signifies a strategic restructuring within the company's financial services operations.
Key Highlights
- Completed slump sale of LSP Business to subsidiary MDSPL.
- Transfer effective August 18, 2026.
- Consideration via Non-Convertible Debentures from MDSPL.
- Transaction based on book value of LSP assets and liabilities.
Price Impact
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