Mobikwik shares jump 11% as ADIA fully exits stake via block deal

Big Block Deal Boost: Mobikwik stock jumps as Abu Dhabi fund sells out

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Shares of One Mobikwik Systems surged 11 percent to Rs 262 apiece on September 2 after key shareholder Abu Dhabi Investment Authority (ADIA) exited its stake in the payments solutions provider via block deals a day earlier.

According to block deal data on the National Stock Exchange (NSE), ADIA sold 16.44 lakh equity shares of Mobikwik at an average price of Rs 238.45 per share, taking the total deal value to Rs 39.21 crore.

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The number of shares offloaded represents 2.1 percent of Mobikwik’s outstanding equity, which matches ADIA’s stake as per the June quarter shareholding pattern.

Apart from ADIA, Peak XV Partners (9.92 percent), Cisco Systems (1.54 percent), and American Express Travel Related Services Company Inc. (1.34 percent) are among the prominent public shareholders in Mobikwik. Other foreign portfolio investors include Government Pension Fund Global (3.01 percent), Societe Generale (1.2 percent), and Citigroup Global Markets (1.12 percent).

On the earnings front, Mobikwik reported a consolidated loss of Rs 41.9 crore for the June quarter, as its high-margin financial services business came under pressure amid ongoing strategic overhaul efforts. The company expects recovery and EBITDA breakeven by the second half of fiscal 2026.

Revenue from operations stood at Rs 271.3 crore, down 20.7 percent from Rs 342.2 crore in Q1 FY25. Sequentially, losses narrowed from Rs 56 crore in Q4 FY25, while revenue saw a marginal uptick of 1.3 percent.

Over the last month, Mobikwik shares have gained 12 percent, outperforming the flat-to-positive trend in the benchmark Nifty 50 index.

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