Top News

As per a report citing sources, Peak XV sold ​6.08 Mn shares at an average price of ₹214 apiece.

The shares were lapped up by Florintree ⁠Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital

With this sale, Peak XV has reportedly offloaded its entries stake in the listed company

VC firm Peak XV Partners has exited listed fintech major MobiKwik through a ₹130 Cr (about $13.8 Mn) block deal, a day after the fintech company received NBFC licence from the central bank.

A report by Reuters, citing sources, said Peak XV sold ​6.08 Mn shares at an average price of ₹214 apiece. The shares were lapped up by Florintree ⁠Advisors, Viridian Asset Management, Dymon Asia, and Karma Capital.

Notably, Peak XV held a 7.89% stake in MobiKwik at the end of the March quarter.

Peak XV declined to comment on Inc42’s queries on the development.

Shares of MobiKwik were trading 3.11% higher at ₹231.80 on the BSE at 12:40 IST. The stock surged nearly 11% yesterday after the company said it received the NBFC licence from the RBI.

(The story will be updated soon)