Mobikwik arm gets Sebi approval to act as stockbroker
A subsidiary of One MobiKwik Systems has received regulatory approval from the Securities and Exchange Board of India (Sebi) to act as a stockbroker and clearing member, the company told exchanges on Thursday.
The markets regulator granted the approval to Mobikwik Securities Broking Pvt Ltd (MSBPL), a subsidiary Mobikwik launched in March to enter the stockbroking business, according to the exchange filing.
