Shares of One MobiKwik Systems rose 7.65% to Rs 217.19 on the NSE in early trade on February 24, gaining Rs 15.43 during the session, after the company announced that its wholly-owned subsidiary has received regulatory clearance to commence stock broking operations on the Bombay Stock Exchange.
The fintech firm said Mobikwik Securities Broking Private Ltd (MSBPL) has been enabled on the BSE platform with effect from February 24, 2026. The approval follows the stock broking registration granted to MSBPL by the Securities and Exchange Board of India in July 2025.
With this clearance, MSBPL is now authorised to carry out broking activities on the BSE, including buying, selling, dealing, clearing and settlement of equity trades. The development marks the completion of key regulatory requirements needed to operationalise its stock broking business, allowing the subsidiary to begin full-scale operations.
Commenting on the development, Upasana Taku, Executive Director, Co-founder and CFO of MobiKwik, said the BSE approval represents a pivotal step in the company’s evolution into a scaled financial services platform. She added that with growing retail investor participation in India, the platform aims to simplify investing for first-time market participants while continuing to build products focused on financial inclusion.
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