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Net1 Exits 8% Stake in One Mobikwik Systems Through Rs168 Crore Block Deal

Sale triggered a brief 6% drop before shares rallied to a 5.3% gain as investors weighed the fintech’s robust GMV growth against ongoing losses

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One Mobikwik Systems block deal: Stock in focus as 8% equity may change hands today

Overview

  • Net1 Applied Technologies Netherlands BV sold its entire 8% stake by offloading over 68.5 lakh shares at Rs231–Rs261 each in a deal valued at Rs168 crore
  • The stake sale included shares offered at up to an 8.4% discount to the prevailing market price following Net1’s initial Rs268 crore investment in 2016
  • One Mobikwik Systems’ stock plunged 6.43% to Rs229.75 before rebounding to trade 5.31% higher at Rs258.60, outpacing the Nifty 50
  • In Q4 FY25 the company reported a net loss of Rs56.03 crore even as its Payments gross merchandise value surged 203% year-on-year to Rs1,15,900 crore
  • One Mobikwik’s December IPO drew approximately $4.7 billion in bids, reflecting strong investor interest despite the current volatility