MobiKwik shares jump 13% after subsidiary gets BSE approval to begin stock broking business
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Shares of One MobiKwik Systems rallied nearly 13% on Tuesday after the company announced its subsidiary has received BSE approval to commence stock broking business. The shares of the fintech company rose to Rs 227.37 apiece in the morning trading hours, snapping a three-session losing streak. Why are MobiKwik shares rallying today? Mobikwik on Monday announced that its wholly owned subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), has received the stock exchange’s nod, with effect from Tuesday. BSE approval comes after market regulator SEBI granted stock broking registration to MSBPL in July 2025.After BSE approval, MSBPL will now be allowed to begin broking operations on the stock exchange. It can buy, sell, deal, clear and settle equity trades. MobiKwik said this marks the completion of the key regulatory steps required for the subsidiary to operationalise its stock broking business. Live Events Speaking about the develo...