Business

Peak XV exits MobiKwik in Rs 130 crore block deal

1 Mins read


Peak XV exits MobiKwik in Rs 130 crore block deal

Mumbai: Peak XV Partners sold its remaining 7.7% stake in fintech MobiKwik through block deals worth over Rs 130 crore on Tuesday, completely exiting its investment in the firm, said people in the know. The floor price of the deal was set at Rs 214 per share, about 5% discount to the company’s closing price on NSE on Monday. Florintree Advisors, Viridian Asset Management, Dymon Asia and Karma Capital were among the buyers, sources said.



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