Divestment22 May 2026, 02:04 pm
One Mobikwik to Sell Lending Business for ₹952.21 Million
AI Summary
One Mobikwik Systems Ltd has announced the slump sale of its Lending Services Provider (LSP) business to its wholly-owned subsidiary, MobiKwik Distribution Services Private Limited (MDSPL). The sale, approved by the Board of Directors on May 22, 2026, is subject to shareholder approval and customary conditions. The consideration 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 March 31, 2026, the book value was ₹952.21 million, representing 16.94% of the company's net worth. The sale is expected to be completed by the end of the second quarter of FY 2026-27.
Key Highlights
- One Mobikwik to sell Lending Services Provider (LSP) business to MDSPL.
- Consideration for slump sale is ₹952.21 million via Non-Convertible Debentures.
- LSP business contributed 22.70% to revenue and 16.94% to net worth in FY26.
- Sale completion expected by the end of Q2 FY27, subject to shareholder approval.
- Board approved slump sale on May 22, 2026.
Price Impact
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