Subsidiary discharges slump sale consideration via allotment of ₹1,47,10,79,126 NCDs

MobiKwik's wholly owned subsidiary MobiKwik Distribution Services Pvt Ltd (MDSPL) has paid for the slump sale of the Lending Services Provider (LSP) business.

Mon 28 Sep 2026

Consideration Amount

₹1,47,10,79,126

Number of NCDs Allotted

14,71,07,912

Face Value per NCD

₹10

Date of Discharge

September 28, 2026

Business Transferred

Lending Services Provider (LSP) business

What happened

One MobiKwik Systems transferred its Lending Services Provider (LSP) business, part of its financial services business, to its wholly owned subsidiary MobiKwik Distribution Services Private Limited (formerly Mobikwik Credit Private Limited) through a slump sale under a Business Transfer Agreement. This update is the update that the subsidiary has now paid for it.

How the payment was made

• Date of discharge: September 28, 2026
• Instrument: Unrated, Unlisted, Unsecured, Redeemable, Non-Convertible Debentures
• Number allotted: 14,71,07,912 NCDs
• Face value: ₹10 each
• Aggregate: ₹1,47,10,79,126
• Allottee: One MobiKwik Systems Limited (the parent)

Basis of valuation

The amount is based on the book value of the assets and liabilities of the LSP business as determined on the appointed date, August 18, 2026.

What it means in simple terms

A slump sale means a business is transferred as a whole for a lump-sum price, without assigning values to individual assets. Instead of paying cash, the subsidiary has issued debentures to the parent. So the parent now holds debt instruments of its own wholly owned subsidiary in place of the transferred business. Since MDSPL is 100% owned by the Company, this is an internal reorganisation within the same group and consolidated financials would reflect the group as a whole.

Non-convertible means these debentures will not turn into equity shares; redeemable means they are to be repaid; unsecured means no specific asset backs them; unlisted means they do not trade on an exchange.

Context

This follows the Company's earlier stock exchange intimations dated May 22, 2026 (with Annexure-A), June 02, 2026, July 02, 2026 and August 18, 2026 on the same restructuring.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.