News

One MobiKwik shares jump 11% as subsidiary gets BSE nod to start broking businessMobiKwik Securities Broking, a wholly-owned subsidiary of the company, has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business.By Meghna Sen  February 24, 2026, 9:37:29 AM IST (Published)1 Min ReadShares of One MobiKwik Systems Ltd., the parent company of payments platform MobiKwik, surged over 11% on Tuesday, February 24, snapping a three-day losing streak.

MobiKwik Securities Broking, a wholly-owned subsidiary of the company, has received approval from the Bombay Stock Exchange (BSE) to commence its stock broking business.

BSE has enabled MSBPL on its platform with effect from February 24, 2026.

The approval marks a pivotal step in MobiKwik's evolution into a scaled financial services platform. It follows the grant of a stock broking registration to MSBPL by the Securities and Exchange Board of India in July 2025.

With the latest nod in place, MSBPL is now authorised to begin broking operations on the BSE. This allows the subsidiary to undertake buying, selling, dealing, clearing and settlement of equity trades.

Upasana Taku, Executive Director, Co-founder and CFO of MobiKwik, said the BSE approval is a pivotal step in the company's journey to build a scaled financial services platform.

She added that with rising retail investor participation in India, the company aims to simplify investing for first-time users and continue advancing financial inclusion.

Shares of One MobiKwik Systems were trading 11.01% higher at ₹223.98. However, the stock remains about 40% below its 52-week high of ₹354.40.Continue ReadingTagsMobikwikshare market today