India, June 26 -- 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 during the intraday trading session.

According to a CNBC TV18 report, the stocks surged after 8.98% equity worth INR 168 Cr changed hands in a block deal. The publication had earlier reported that Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, was looking to offload 8% of its stake in MobiKwik. The shares were supposed to be offered at a discount ranging from 0% to 8.4%, the report said.

Net1 had invested $40 Mn in the Delhi NCR-based company back in 2016, the report added.

Shares of MobiKwik got listed on the...