MobiKwik shares jump 3% after strategic partnership with Piramal Finance

MobiKwik’s shares surged by over 3% following the announcement of a strategic partnership with Piramal Capital & Housing Finance Ltd. (Piramal Finance). As of 10:19 AM, MobiKwik shares 2.25% higher at Rs 483.50.

Through this partnership, MobiKwik users can now easily apply for personal loans directly on the app, with amounts ranging from INR 50,000 to INR 2,00,000. These loans cater to various needs, including education, medical expenses, travel, and personal consumption, with tenures between 6 to 24 months.

Advertisement

Eligible users, aged 23 to 55 with a monthly income of INR 25,000 or more, can access this service nationwide, reinforcing MobiKwik’s commitment to financial inclusion.

MobiKwik shares opened at ₹477.00, reaching a high of ₹488.40 and a low of ₹463.00 today. Over the past year, the stock has fluctuated between a 52-week high of ₹698.30 and a low of ₹440.00.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.