Peak XV Companions sells 1.5 computer stake in MobiKwik for Rs 82 cr

Peak XV Companions on Thursday divested 1.5 per cent stake in fintech firm One MobiKwik Methods for Rs 82 crore by way of an open market transaction. Peak XV Companions (previously Sequoia India & Southeast Asia) by way of its arm — Peak XV Companions Funding Holdings III — offloaded 12.01 lakh shares, or 1.55 per cent, stake in One MobiKwik Methods by way of a bulk deal on the Nationwide Inventory Trade (NSE).

The shares had been disposed of at a median worth of Rs 679.38 apiece, taking the deal worth to Rs 81.63 crore.

After the transaction, Peak XV Companions’ holding in Gurugram-based MobiKwik has declined to 1.26 per cent from 2.81 per cent.

Particulars of consumers of MobiKwik’s shares couldn’t be ascertained on the change.

One MobiKwik Methods shares rose 2.40 per cent to shut at Rs 623.50 apiece on the NSE.

Final week, MobiKwik’s shares listed with a premium of practically 60 per cent. The preliminary public providing (IPO) by MobiKwik was fully a contemporary issuance of fairness shares price as much as Rs 572 crore with no offer-for-sale (OFS) element.

Based by Bipin Preet Singh and Upasana Taku, MobiKwik is a digital banking platform, providing a variety of monetary merchandise for each shoppers and retailers, together with funds, digital credit score, and investments.