Archive · 26 Jun 2025
Net1 Plans Mobikwik Block Deal; 8% Stake Up For Sale
Net1, a company from South Africa, is selling all of its shares (8%) in One Mobikwik in a big deal.
They are planning to sell the shares at a discount.
Net1 initially put $40 million into Mobikwik.
Although the company saw a loss in the last quarter, the amount of money it handled for payments went up significantly.
Net1 plans to sell its entire 8% stake in One Mobikwik through a block deal.
The stake sale is expected to be offered at a discount of up to 8.4% from the market price.
Net1 invested $40 million in Mobikwik in 2016.
Mobikwik's Q4 net loss was Rs 56.03 crore, increasing year-over-year.
The company's Payments GMV rose 203% year-on-year to Rs 1,15,900 crore in Q4.
- Who
- Net1 Applied Technologies Netherlands BV.
- What
- Net1 Applied Technologies Netherlands BV is selling its 8% stake in One Mobikwik Systems Ltd via a block deal.
- When
- The block deal is scheduled for Thursday. Information is based on current market data.
- Where
- BSE (Bombay Stock Exchange).
- Why
- The reason for the stake sale is not mentioned in the provided articles.
- Transaction Type
- Block Deal
- Stake Percentage
- 8%
- Initial Investment
- $40 million
- Q4 Net Loss
- Rs 56.03 crore
- Q4 Payments GMV
- Rs 1,15,900 crore
