New Delhi, June 26 -- One Mobikwik Systems share price surged as much as 10.47 per cent to Rs.271.25 on NSE in Thursday's trading session after a block deal worth 8.98 per cent equity-valued at Rs.168 crore-took place on Thursday, June 26.

One MobiKwik Systems shares opened initially in red at Rs.230.70 apiece on June 26, as compared to previous close of Rs.245.55. However, the stock climbed more than 10 per cent, touching an intraday high to Rs.281.15 at 11:15 am.

According to media reports, Net1 Applied Technologies Netherlands BV, a subsidiary of South Africa's Net1 UEPS Technologies, was planning to sell approximately 8 percent of its stake in the company.

The block deal was likely to be offered at a discount of up to 8.4 percent f...