One Mobikwik Systems Limited
Bank of India Mutual Fund bought 4,48,582 shares of One Mobikwik Systems Limited for ₹10.79 Cr at ₹240.48 apiece in a bulk deal.
A digital banking platform incorporated in 2009, One Mobikwik Systems offers a comprehensive range of financial products and services to consumers and merchants across India. The company provides digital wallet solutions, bill payments, mobile recharges, and lending services through its mobile-first platform. It operates as a technology-enabled financial services provider serving the mass market segment in the digital payments space.
AMC subsidiary of Bank of India, one of India's oldest public sector banks founded in 1906. Manages over Rs 20,000 crore with a range of equity, debt and hybrid offerings. Distributes through Bank of India's 5,000+ branch network giving it reach into Tier 2 and Tier 3 cities that larger private AMCs find harder to access.