India, June 26 -- Update | June 26, 8:32 PM

MobiKwik investor Net1 Applied Technologies sold its entire 8% stake in the company via a bulk deal. Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, offloaded 62.15 Lakh shares in the company at INR 230.16 apiece, raking in INR 143.06 Cr via the deal.

The offloaded shares were lapped up by Societe General, HDFC Mutual Fund, Citi Group, among others.

MobiKwik's shares ended today's session 6.79% higher from the previous close at INR 262.70 on the BSE.

Original | June 26, 3:18 PM

Shares of One Mobikwik Systems Limited, the parent entity of fintech major MobiKwik, rallied close to 15% on the BSE today, hitting its peak at INR 282.65 apiece durin...