ADIA Exits Mobikwik Stake

  Published 10 months ago

ADIA sold the entire Mobikwik stake worth ₹39.21 crore, reducing equity holdings and reshaping the company’s investor structure.

  • BofA Securities and SI Investments bought stakes, while other global funds retain a significant presence in Mobikwik.
  • Peak XV Partners leads with a 9.92% stake, followed by Cisco, American Express, and other foreign institutional investors.
  • Mobikwik offers a wallet, UPI, credit, savings, and investments, and serves millions of registered users and merchants.

You might like these

Joshi Leads 3M India Operations

Oil Inventory Surge Signals Price Pressure

Asian Markets Steady Amid Trump Trade Policy Shift

Govt Orders Crackdown on Fake Fertilizers

FMCG Stocks Rally Ahead of GST

Vinati Organics Reports Fatal Accident

Navin Fluorine Q2 Profit Surges 152%

News that matters the most ⚡