Latest news with #ofRegistration
Business Upturn
03-07-2025
- Business
- Business Upturn
MobiKwik's subsidiary gets SEBI nod to operate as stock broker and clearing member
One MobiKwik Systems Limited announced that its wholly-owned subsidiary, Mobikwik Securities Broking Private Limited (MSBPL), has received a Certificate of Registration from the Securities and Exchange Board of India (SEBI) to operate as a stock broker and clearing member. This approval, granted under the SEBI (Stock Brokers) Regulations, 1992, authorizes MSBPL to undertake activities such as buying, selling, and dealing in securities, as well as clearing and settlement of trades. It also opens doors for the company to explore additional services permitted by stock exchanges and clearing corporations. Advertisement The certificate is effective from July 1, 2025, and notably, it does not carry an expiry date, signaling a long-term green light from the market regulator. There have been no instances of suspension, withdrawal, or penalties associated with this license. Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik, stated, 'The stock broking license marks a significant milestone for us as we enter the Indian equity markets. India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat.'
Mint
03-07-2025
- Business
- Mint
One MobiKwik shares rise after THIS Sebi approval; Check full details inside
Shares of the fintech firm One MobiKwik jumped over 4% intraday during Thursday's stock market session after the capital markets regulator, the Securities and Exchange Board of India (Sebi), issued a 'Certificate of Registration' to one of the company's subsidiaries, Mobikwik Securities Broking Pvt. Ltd, according to an exchange filing on 3 July 2025. (This is a developing story. Please check back for updates.) Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
20-06-2025
- Business
- Business Standard
Core Investment company within Aditya Birla Group, Pilani Investment reports Net Profit of Rs. 98.46 crore for the FY 2024-25
VMPL Kolkata (West Bengal) [India], June 20: Pilani Investment and Industries Corporation Ltd (BSE: 539883, NSE: PILANIINVS), a Core Investment Company within Aditya Birla Group, primarily focused on managing investments in other Birla Group companies and providing them with financing has reported a net profit of Rs. 98.46 crore for the FY 2024-25. Total income of the company during the year ended March 2025 was reported at Rs. 307 crore, 7% higher the previous year total income of Rs. 286.3 crore reported in FY 2024. The company has recommended dividend of Rs. 15 per equity share of face value of Rs. 10 each for the FY 2024-25. The company has received approval from RBI and received fresh Certificate of Registration on conversion of the Company from Non-Banking Financial Company (NBFC-ICC) to Core Investment Company (CIC). The board of directors of the company also considered and approved, increase the borrowing powers of the company up to Rs. 3,500 crores, which is subject to approval of the Shareholders at the ensuing Annual General Meeting of the Company. The company has recommended dividend of Rs. 15 per equity share of face value of Rs. 10 each for the financial year 2024-25, subject to the approval of the shareholders at the ensuring annual general meeting scheduled to be held on 30th June 2025. The company has fixed Monday, 23rd June 2025, as the 'Record Date' for the purpose of determining the entitlement of Members to receive the aforesaid dividend for the financial year ended 31st March, 2025. Promoter group of company holds 57.55% of the company as on March 2025. Pilani Investment and Industries Corporation Limited is registered as a non-deposit-taking NBFC with the Reserve Bank of India. It functions as a core investment company with main activity being investment in shares and securities of the Aditya Birla group companies and providing finance to them.
