Shares of One Mobikwik Systems Ltd rallied 13% to touch a day’s high of Rs 273.60 on 2nd September after the Abu Dhabi Investment Authority (ADIA), a key shareholder in Mobikwik, exited the company through block deals on 1st September, official data showed.

According to NSE block deal data, Abu Dhabi Investment Authority (ADIA) sold 16.44 lakh Mobikwik shares. The average price was Rs 238.45, valuing the deal at Rs 39.21 crore.

The sale equalled 2.1% of the company’s equity. This was the exact stake ADIA held as of the end of the June quarter.

Other key public shareholders in Mobikwik include Peak XV Partners (9.92%), Cisco Systems (1.54%) and American Express (1.34%).

Among foreign portfolio investors, the Government Pension Fund Global holds 3.01%. Societe Generale holds 1.2%, and Citigroup Global Markets holds 1.12%.

As of 30th June, around 1.84 lakh small retail shareholders, each with an investment of up to Rs 2 lakh, owned a combined 28.1% stake in the company.

At 12:45 PM, the shares of Mobikwik were trading 13.37% higher at Rs 269.15 on NSE.

Unicorn Signals leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!