MobiKwik To Pick Up Additional 3.39% Stake In Blostem Fintech

This acquisition is the second tranche of the share subscription and shareholders’ agreement that MobiKwik signed with Blostem in March last year

Back then, it agreed to invest in the equity shares of the B2B banking infrastructure company for an amount of INR 3 Cr in two tranches

Following this, MobiKwik paid the first tranche of INR 1.5 Cr in the same month for 3.40% of equity share in Blostem

Fintech major MobiKwik is acquiring an additional 3.39% stake in B2B banking infrastructure company Blostem Fintech…