Mobikwik shares surge 11% after ADIA sells 2.1% stake in Rs 39 crore block deal

Mobikwik share prices today: Shares of One Mobikwik Systems Ltd surged 11 per cent to close at Rs 262 on Monday, after Abu Dhabi Investment Authority (ADIA), a key institutional investor, divested its entire stake through block deals executed on September 1.

According to National Stock Exchange (NSE) data, ADIA sold 16.44 lakh equity shares at an average price of Rs 238.45 per share, with the transaction valued at approximately Rs 39.21 crore. The divestment represents 2.1 per cent of Mobikwik’s total equity, consistent with the stake reported in the company’s June quarter shareholding disclosures.

Despite ADIA’s exit, Mobikwik is the center point of interest for several mainstream institutional investors. Peak XV Partners remains the largest shareholder with a 9.92 per cent holding, followed by Cisco Systems (1.54 per cent) and American Express Travel Related Services Company Inc. (1.34 per cent). Other notable foreign portfolio investors include Government Pension Fund Global (3.01 per cent), Societe Generale (1.2 per cent), and Citigroup Global Markets (1.12 per cent).

Speaking of Mobikwik's financial book, it reported a consolidated net loss of Rs 41.9 crore for the June quarter, as its high-margin financial services segment faced headwinds amid a strategic business overhaul. The company projects a recovery trajectory, aiming for EBITDA breakeven by the second half of fiscal 2026.

Revenue from operations stood at Rs 271.3 crore, down 20.7 per cent year-on-year from Rs 342.2 crore in Q1 FY25. Sequentially, losses narrowed from Rs 56 crore in the previous quarter, alongside a modest 1.3 per cent increase in revenue.

Over the past month, Mobikwik’s shares have outperformed the benchmark Nifty 50, gaining approximately 12 per cent amid a largely flat broader market.