MobiKwik seeks nod to redirect ₹98 Cr unspent IPO funds to lending, payments arms
MobiKwik wants shareholders to greenlight rerouting ₹60.85 Cr to lending sub MDSPL and ₹33.65 Cr to its payments business, while extending ₹25.26 Cr deployment to FY27. Move follows RBI's in-principle PA-P nod for Zaakpay and signals a pivot deeper into regulated payments infrastructure.
MobiKwik seeks shareholder nod to redirect ₹98 Cr unspent IPO funds to its lending arm MDSPL and payments business, including Zaakpay.
Inc42 · 6/2/2026, 3:30:59 PM · Ask about this →