Divestment28 Sept 2026, 07:20 pm
MobiKwik Subsidiary Allots ₹147 Cr NCDs for Lending Business Sale
AI Summary
One Mobikwik Systems Ltd announced that its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL), has discharged the consideration for the slump sale of the Company’s Lending Services Provider Business (LSP Business). The discharge was made through the allotment of 14,71,07,912 Unrated, Unlisted, Unsecured, Redeemable, Non-Convertible Debentures (NCDs) with a face value of ₹10 each, aggregating to ₹1,47,10,79,126. This allotment is based on the book value of assets and liabilities of the LSP Business as of August 18, 2026. The transaction was completed on September 28, 2026.
Key Highlights
- MDSPL allotted ₹147.11 Cr in NCDs to One Mobikwik Systems Ltd.
- NCDs represent consideration for the slump sale of the LSP Business.
- Transaction based on book value of assets and liabilities as of August 18, 2026.
- Allotment completed on September 28, 2026.
- NCDs are unrated, unlisted, unsecured, and redeemable.
Price Impact
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