• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Stock

Peak XV Partners sells 1.5 pc stake in MobiKwik for Rs 82 cr

by
December 26, 2024
in Stock
0
Peak XV Partners sells 1.5 pc stake in MobiKwik for Rs 82 cr
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



Peak XV Partners on Thursday divested 1.5 per cent stake in fintech company One MobiKwik Systems for Rs 82 crore through an open market transaction. Peak XV Partners (formerly Sequoia India & Southeast Asia) through its arm — Peak XV Partners Investment Holdings III — offloaded 12.01 lakh shares, or 1.55 per cent, stake in One MobiKwik Systems through a bulk deal on the National Stock Exchange (NSE).

The shares were disposed of at an average price of Rs 679.38 apiece, taking the deal value to Rs 81.63 crore.

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

Details of buyers of MobiKwik’s shares could not be ascertained on the exchange.

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

Last week, MobiKwik’s shares listed with a premium of nearly 60 per cent. The initial public offering (IPO) by MobiKwik was entirely a fresh issuance of equity shares worth up to Rs 572 crore with no offer-for-sale (OFS) component.

Founded by Bipin Preet Singh and Upasana Taku, MobiKwik is a digital banking platform, offering a wide range of financial products for both consumers and merchants, including payments, digital credit, and investments.

Tags: bulk dealequitymobikwikone mobikwik systemsPartnerspeakPeak XV PartnersPremiumsellssharesstake
Previous Post

Burned out workers ditch hustle culture for ‘slow living’ trend of old-fashioned wood-burning stoves and unstructured play

Next Post

Ethereum Price Setting For a Big Move – Breakout Or Downturn?

Next Post
Ethereum Price Setting For a Big Move – Breakout Or Downturn?

Ethereum Price Setting For a Big Move – Breakout Or Downturn?

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Working-age Americans are struggling to pay for health care, even those with insurance, report finds

Working-age Americans are struggling to pay for health care, even those with insurance, report finds

October 28, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
Why IVP’s Somesh Dash believes that Silicon Valley can look beyond artificial general intelligence for spirituality | Fortune

Why IVP’s Somesh Dash believes that Silicon Valley can look beyond artificial general intelligence for spirituality | Fortune

September 18, 2025
Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount

Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount

September 18, 2025
iValue Infosolutions IPO subscribed 8% on Day 1 so far; GMP at 7%. Should you apply?

iValue Infosolutions IPO subscribed 8% on Day 1 so far; GMP at 7%. Should you apply?

September 18, 2025
AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang

AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang

September 18, 2025

Recent News

Why IVP’s Somesh Dash believes that Silicon Valley can look beyond artificial general intelligence for spirituality | Fortune

Why IVP’s Somesh Dash believes that Silicon Valley can look beyond artificial general intelligence for spirituality | Fortune

September 18, 2025
Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount

Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount

September 18, 2025
iValue Infosolutions IPO subscribed 8% on Day 1 so far; GMP at 7%. Should you apply?

iValue Infosolutions IPO subscribed 8% on Day 1 so far; GMP at 7%. Should you apply?

September 18, 2025
AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang

AI startup Nscale came out of nowhere and is blowing away Nvidia CEO Jensen Huang

September 18, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

Why IVP’s Somesh Dash believes that Silicon Valley can look beyond artificial general intelligence for spirituality | Fortune

Why IVP’s Somesh Dash believes that Silicon Valley can look beyond artificial general intelligence for spirituality | Fortune

September 18, 2025
Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount

Huawei touts ‘world’s most powerful’ AI chip cluster as Nvidia’s China challenges mount

September 18, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.