AIMediaNamaabout 2 hours ago
MobiKwik shifts lending unit to subsidiary
3 min read
MobiKwik Systems Ltd. transferred its digital lending business to wholly owned subsidiary MobiKwik Distribution Services Private Limited (MDSPL), fulfilling an RBI requirement for its NBFC application. Manish Pathania was appointed Chief Business Officer of MDSPL. The subsidiary received Rs 60.85 crore in equity from One MobiKwik Systems Limited.
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