Mobikwik completes slump sale of lending business to subsidiary
MOBIKWIK · price
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Mobikwik has completed the slump sale of its Lending Services Provider Business to its wholly owned subsidiary MobiKwik Distribution Services (MDSPL), effective August 18, 2026. The consideration will be paid via Non-Convertible Debentures issued by MDSPL to Mobikwik, based on book value of assets and liabilities as on the appointed date. This is an internal group restructuring.
Internal restructuring of lending business into wholly owned subsidiary; consideration via NCDs, limited immediate cash impact on consolidated financials.