MobiKwik subsidiary enters stock broking space, receives SEBI licence; shares gain
One Mobikwik Systems Ltd on Thursday announced that its wholly owned subsidiary, MobiKwik Securities Broking Pvt Ltd (MSBPL), has received regulatory approval from the Securities and Exchange Board of India (SEBI) to act as a stock broker and clearing member.
In a regulatory filing, the company informed that the certificate of registration was issued by SEBI on July 1, enabling MSBPL to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades.
