One MobiKwik Stock Surges 11% as Subsidiary Gains BSE Approval for Broking Business

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MobiKwik Shares Soar 11% as Subsidiary Gets BSE Nod for Broking Business

MobiKwik Shares Soar 11% as Subsidiary Gets BSE Nod for Broking Business

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CNBC TV18•24-02-2026, 09:37

MobiKwik Shares Soar 11% as Subsidiary Gets BSE Nod for Broking Business

•One MobiKwik Systems Ltd. shares jumped over 11% on Tuesday, February 24, ending a three-day losing streak.
•MobiKwik Securities Broking (MSBPL), a wholly-owned subsidiary, received approval from BSE to start its stock broking business.
•BSE enabled MSBPL on its platform effective February 24, 2026, allowing it to begin broking operations.
•This approval is a key step in MobiKwik's transformation into a scaled financial services platform.
•MSBPL is now authorized to handle buying, selling, dealing, clearing, and settlement of equity trades.

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