Abu Dhabi Investment Authority (ADIA) has completely divested its stake in One MobiKwik Systems , a Gurugram-based fintech company, in a significant market move. The sovereign wealth fund sold its entire 2.10% stake for approximately Rs 39.00 crore through an open market transaction.

Transaction Details

ADIA offloaded over 16.44 lakh equity shares of One MobiKwik Systems at an average price of Rs 238.45 per share. This exit by a major investor has attracted attention in the financial markets, with other institutional investors stepping in to acquire portions of the sold stake.

New Investors

Two notable buyers emerged from this transaction:

1. BofA Securities Europe SA
2. SI Investments Broking Pvt Ltd

These entities collectively purchased 9.00 lakh shares, representing a 1.15% stake in One MobiKwik Systems. The acquisition was made for Rs 22.12 crore, with share prices ranging from Rs 243.61 to Rs 248.42.

Market Response

The market responded positively to this development, with One MobiKwik Systems' shares closing 8.12% higher at Rs 237.74 on the day of the transaction.

Recent Financial Performance

One MobiKwik Systems recently reported its financial results:

The company's financial performance shows mixed results:

• The consolidated loss for Q1 FY26 widened to Rs 41.90 crore, compared to Rs 6.60 crore in the same period last year.
• Revenue from operations declined by 20.7% year-over-year to Rs 271.30 crore from Rs 342.20 crore in Q1 FY25.
• On a sequential basis, the company managed to narrow its losses from Rs 56.00 crore in Q4 FY25 to Rs 41.90 crore in Q1 FY26.

This transaction and the company's recent financial performance highlight the dynamic nature of the fintech sector and the ongoing challenges faced by players in this space. As One MobiKwik Systems navigates these changes, investors and industry observers will be keenly watching its future strategies and financial outcomes.

One MobiKwik Systems , a prominent player in the fintech space, saw its shares jump 12% amid high trading volumes, breaking a six-day declining streak. The surge came despite the company reporting widening losses for the first quarter of the fiscal year.

Q1 Financial Performance

MobiKwik reported a consolidated loss of ₹41.90 crore for the quarter ended June, a significant increase from the ₹6.60 crore loss recorded in the same period last year. The company's revenue from operations also took a hit, declining 20.7% year-on-year to ₹271.00 crore from ₹342.20 crore.

Sequential Improvement

On a quarter-on-quarter basis, MobiKwik showed some signs of improvement:

• Losses narrowed from ₹56.00 crore in the previous quarter to ₹41.90 crore
• Revenue increased by 1.3% sequentially

Market Performance

The stock's performance has been mixed:

IPO Success and Analyst Outlook

MobiKwik's initial public offering (IPO) was met with overwhelming investor interest:

• Oversubscription: Nearly 120 times
• Funds raised: ₹572.00 crore through fresh share issuance

Despite the recent financial challenges, Dolat Capital Markets maintains a 'Buy' rating on the stock, indicating confidence in the company's long-term prospects.

The surge in MobiKwik's share price, despite the widening losses, suggests that investors may be focusing on the company's sequential improvements and potential for future growth in the competitive fintech sector.