India, Feb. 21 -- Fintech major MobiKwik is acquiring an additional 3.39% stake in B2B banking infrastructure company Blostem Fintech Private Limited for INR 1.5 Cr.

In an exchange filing, MobiKwik said, "The company intends to invest a total of INR 1,49,91,640 for 3.39% equity shares of Blostem in a second tranche of the share subscription and shareholders' agreement dated March 13, 2024."

This acquisition is the second tranche of the share subscription and shareholders' agreement that MobiKwik signed with Blostem in March last year.

Back then, it agreed to invest in the equity shares of the B2B banking infrastructure company for an amount of INR 3 Cr in two tranches.

Following this, MobiKwik paid the first tranche of INR 1.5 Cr in t...