Liquidity Events
ADIA sells 2.1% stake in digital wallet One Mobikwik for Rs.39-Cr
Abu Dhabi Investment Authority (ADIA) has sold its 16.44 lakh equity shares (representing 2.10% stake) in Gurugram-based fintech company One Mobikwik Systems Ltd for INR 39 crore via an open market transaction. The shares were sold at an average price of INR 238.45 apiece.Founded in 2009, Mobikwik offers a digital wallet as well as ‘buy now, pay later’ services.
In June 2021, Mobikwik had attracted about USD 20 M from ADIA.For FY24, Mobikwik had reported about INR 875 Cr in Operating Income and about INR 14 Cr in PAT.
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