Investment21 Jul 2026, 05:10 pm
One Mobikwik Invests ₹61.84 Cr in Subsidiaries MDSPL & MSBPL
AI Summary
One Mobikwik Systems Ltd announced an investment of INR 60,84,51,000 in its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL), to operate as a Lending Service Provider. Additionally, the company will invest up to INR 1,00,00,000 in MobiKwik Securities Broking Private Limited (MSBPL). These investments, approved by the Treasury Committee, are part of revised IPO utilization plans and are expected to be completed by August 10, 2026, via share subscription. Both transactions are considered related party transactions but are conducted at arm's length.
Key Highlights
- Mobikwik to invest ₹60.84 Cr in MDSPL for Lending Service Provider operations.
- Further investment of up to ₹1 Cr planned for subsidiary MSBPL.
- Investments are a variation in IPO proceeds utilization.
- Transactions are related party but at arm's length.
- Completion targeted by August 10, 2026, via share subscription.
Price Impact
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