News
MobiKwik moves digital lending to subsidiary
By Startup Enthusiast ·
- Date
- Company
- MobiKwik
- What it does
- Lending business moved
- Kind
- News
- Amount
- ₹60.85 Cr
- Based in
- Gurugram
What they do
Shareholders approved the transfer through a postal ballot ended 2 July 2026, along with changes to how IPO proceeds are used
What happened
The lending service provider business and its staff moved to wholly owned subsidiary MobiKwik Distribution Services in August 2026
Why it matters
After approval the parent put ₹60.85 crore into the subsidiary as equity
The details
- Postal ballot cleared the move in July 2026.
- Transfer completed in August 2026.
- Time limit for using IPO funds was also extended.
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- MobiKwik posts third straight quarterly profit3 August 2026 · Results · ₹7.61 Cr
- MobiKwik seeks shareholder approval to revise IPO fund use2 June 2026 · IPO · ₹182.2 Cr
- MobiKwik faces FIRs over allegedly blocking investor funds in P2P lending product22 May 2026 · Policy
- MobiKwik posts ₹4.4 crore profit in Q412 May 2026 · Results · ₹4.38 Cr
- MobiKwik gets RBI nod for NBFC licence27 April 2026 · Launch
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