“…we wish to inform you that Ministry of Company Affairs, Central Processing Centre has authorized incorporation of Mobikwik Securities Broking Personal Restricted, a wholly owned subsidiary of the Firm on March 03, 2025,” One MobiKwik Methods Ltd mentioned in a regulatory submitting.
MSBPL, registered in Gurgaon, Haryana, will function as a securities broking firm. The subsidiary goals to have interaction in buying and selling shares, shares, securities, debt devices, commodities, currencies, and derivatives. It additionally plans to accumulate membership in inventory and commodity exchanges throughout India and different markets.
Additionally Learn: Mobikwik CEO desires regulators to point out extra like to Indian fintech
The institution of MSBPL marks MobiKwik’s entry into the securities broking sector, increasing past its core digital funds and monetary companies business. The subsidiary falls beneath associated-occasion transactions, provided that it’s wholly owned by MobiKwik.
The corporate has allotted an preliminary paid-up share capital of ₹1 lakh for MSBPL and plans to infuse a further ₹2 crore in a number of tranches. With a 100% possession stake, MobiKwik will keep full management over the subsidiary’s operations.
Shares of One MobiKwik Methods Ltd ended at ₹304.50, down by ₹13.15, or 4.14%, on the BSE.
Additionally Learn: MobiKwik Q2 Outcomes: New itemizing slips into loss from revenue, income grows 43%
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