ETMarkets.comShares of One Mobikwik Systems, the parent of fintech startup Mobikwik, jumped 12% to Rs 266 apiece on September 2 following the Abu Dhabi Investment Authority (ADIA) exiting its holding in the company through a block deal a day earlier.
According to block deal data on the National Stock Exchange (NSE), ADIA sold 16,44,438 equity shares of Mobikwik at an average price of Rs 238.4 per share, valuing the transaction at around Rs 39.2 crore.
The stake sale accounted for 2.1% of Mobikwik’s total outstanding equity, based on the company’s June shareholding pattern.
Shares often rise after a block deal as the exit of a large investor eases selling pressure and signals fresh buying interest in the stock.
As of the June quarter, Peak XV Partners held a 9.9% stake in Mobikwik, while other notable investors included Cisco Systems and Bajaj Finance.
As of 11:45 am on Tuesday, Mobikwik shares were trading at Rs 266.3 on the BSE.
For the quarter ended June, Mobikwik reported a net loss of Rs 42 crore, over six times higher than the Rs 6.6 crore loss recorded in the same period last year. However, operating revenue fell 20.7% year-on-year to Rs 271.3 crore.
The company’s Q1 FY26 performance was hit by a steep slowdown in its financial services segment, which saw revenue plunge 65% from Rs 170.7 crore in Q1 FY25 to Rs 58.3 crore.
According to block deal data on the National Stock Exchange (NSE), ADIA sold 16,44,438 equity shares of Mobikwik at an average price of Rs 238.4 per share, valuing the transaction at around Rs 39.2 crore.
The stake sale accounted for 2.1% of Mobikwik’s total outstanding equity, based on the company’s June shareholding pattern.
Shares often rise after a block deal as the exit of a large investor eases selling pressure and signals fresh buying interest in the stock.
As of the June quarter, Peak XV Partners held a 9.9% stake in Mobikwik, while other notable investors included Cisco Systems and Bajaj Finance.
As of 11:45 am on Tuesday, Mobikwik shares were trading at Rs 266.3 on the BSE.
For the quarter ended June, Mobikwik reported a net loss of Rs 42 crore, over six times higher than the Rs 6.6 crore loss recorded in the same period last year. However, operating revenue fell 20.7% year-on-year to Rs 271.3 crore.
The company’s Q1 FY26 performance was hit by a steep slowdown in its financial services segment, which saw revenue plunge 65% from Rs 170.7 crore in Q1 FY25 to Rs 58.3 crore.
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