Mobikwik Share Price Surges 11% as ADIA Fully Exits Stake via Block Deal

Market Performance

Stock market today saw a sharp move in Mobikwik share price, which jumped 11% to ₹262 apiece on September 2. The rally came on the back of heavy block deals, with global investment giant Abu Dhabi Investment Authority (ADIA) completely exiting its position in the digital payments solutions provider.

The strong momentum in Mobikwik’s stock also stood out against the broader market, as the benchmark Nifty 50 index remained largely flat during the same period. Interestingly, Mobikwik shares have already gained 12% in the past one month, marking a clear outperformance.

Main News – ADIA’s Exit Triggers Sharp Rally

ADIA’s decision to offload its entire holding in Mobikwik grabbed market attention. According to block deal data from the NSE:

• 16.44 lakh equity shares of Mobikwik were sold.
• Average price stood at ₹238.45 per share.
• The total deal value touched ₹39.21 crore.
• The shares sold represented 2.1% of Mobikwik’s outstanding equity, exactly matching ADIA’s stake as per June quarter shareholding pattern.

This marks the full exit of ADIA from the fintech platform.

Company Details – Key Shareholders & Financials

Mobikwik continues to have an interesting set of marquee investors on its cap table even after ADIA’s exit.

Public Shareholders:

• Peak XV Partners – 9.92%
• Cisco Systems – 1.54%
• American Express Travel Related Services Company Inc. – 1.34%

Foreign Portfolio Investors:

• Government Pension Fund Global – 3.01%
• Societe Generale – 1.2%
• Citigroup Global Markets – 1.12%

Q1 FY25 Financial Highlights

Mobikwik’s latest quarterly earnings reflect the ongoing transition in its business strategy.

• Revenue from Operations – ₹271.3 crore, down 20.7% YoY (from ₹342.2 crore).
• Sequential Revenue Growth – up 1.3% QoQ.
• Consolidated Loss – ₹41.9 crore for Q1 FY25.
• Net Loss Improvement – narrower than ₹56 crore loss in Q4 FY25.

The revenue drop came as its high-margin financial services segment faced pressure. However, the sequential uptick in topline and narrowing losses indicate that the company is working through its restructuring phase.

Summary

In summary, the Mobikwik share price rallied sharply today after ADIA fully exited its 2.1% stake through block deals worth ₹39.21 crore. While the stock gained 11% in a single session, its performance over the last month has also been strong, with a 12% rise versus a flat Nifty 50.

With a diverse set of global and institutional investors still backing the company, Mobikwik remains an active stock on traders’ radar. On the earnings front, the company is balancing restructuring with gradual improvements in its bottom line.