One MobiKwik shares slide 15% as anchor investor lock-in ends

Shares of One MobiKwik saw their worst ever session since listing on Dalal Street as the stock dropped nearly 15 per cent after anchor investors offloaded their stake with their final lock-in ending.

One MobiKwik’s shares dropped as much as 14.6 per cent during the intraday trade at Rs 231.1 per share, taking the shares to new lows. The stock pared losses to trade 9.4 per cent lower at Rs 245.1 apiece, compared to a 0.46 per cent gain in Nifty 50 as of 10:20 AM.