Shares of One Mobikwik Methods Ltd rallied 13% to the touch a day’s excessive of Rs 273.60 on 2nd September after the Abu Dhabi Funding Authority (ADIA), a key shareholder in Mobikwik, exited the corporate by way of block offers on 1st September, official knowledge confirmed.
Based on NSE block deal knowledge, Abu Dhabi Funding Authority (ADIA) offered 16.44 lakh Mobikwik shares. The common value was Rs 238.45, valuing the deal at Rs 39.21 crore.
The sale equalled 2.1% of the corporate’s fairness. This was the precise stake ADIA held as of the top of the June quarter.
Different key public shareholders in Mobikwik embrace Peak XV Companions (9.92%), Cisco Methods (1.54%) and American Specific (1.34%).
Amongst international portfolio traders, the Authorities Pension Fund International holds 3.01%. Societe Generale holds 1.2%, and Citigroup International Markets holds 1.12%.
As of thirtieth June, round 1.84 lakh small retail shareholders, every with an funding of as much as Rs 2 lakh, owned a mixed 28.1% stake within the firm.
At 12:45 PM, the shares of Mobikwik had been buying and selling 13.37% increased at Rs 269.15 on NSE.
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