MobiKwik subsidiary gets SEBI nod to act as a stock broker
Mobikwik Securities Broking, a wholly owned subsidiary of MobiKwik, announced that it has received regulatory approval from SEBI to act as a stock broker or clearing member. The approval now enables MobiKwik's subsidiary to carry on the activities of buying, selling, dealing, clearing and settlement of equity trades. "The stock broking licence marks a significant milestone," said CEO BP Singh.