Abu Dhabi Investment Authority exits One MobiKwik; sells total stake for Rs.39 crores
Abu Dhabi Investment Authority exits One MobiKwik; sells total stake for Rs.39 crores
The shares were disposed of for Rs.238.45 apiece
As per the bulk deal data on the National Stock Exchange (NSE), Abu Dhabi Investment Authority (ADIA) has exited Gurugram-based fintech firm, One MobiKwik Systems, by divesting its entire 2.10 percent stake for Rs.39 crore through an open market transaction.
ADIA offloaded over 1.64 million equity shares, representing a 2.10 percent stake in One MobiKwik. The shares were disposed of for Rs.238.45 apiece, with a deal value of Rs.39.21 crore.
Meanwhile, BofA Securities Europe SA and SI Investments Broking Pvt Ltd bought a total of 9 lakh shares (1.15 percent) stake in One MobiKwik, a combined transaction value of Rs.22.12 crore. The shares were acquired for Rs.243.61-248.42 per piece.
One MobiKwik suffered Rs.41.9 crore loss in the June quarter compared to a loss of Rs.6.6 crore in the same period in 2024.
Its revenue from operations stood at Rs.271.3 crore, a 20.7 percent decline from Rs.42.2 crore in Q1 FY 2025. The loss narrowed from Rs.56 crore in Q4 FY 2025, while revenue rose 1.3 percent.
