MobiKwik Co-Founder Upasana Taku Buys Shares Worth Rs 2.12 Crore via Open Market, Raising Stake to 10.24%

In a notable show of promoter confidence, Upasana Taku, co-founder and Executive Director of fintech company One MobiKwik Systems Limited, has acquired 1.07 lakh (1,07,000) equity shares through open-market transactions valued at approximately Rs 2.12 crore.

The regulatory disclosure was made under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

According to the exchange filings, the open-market buy orders were executed on the National Stock Exchange (NSE) in two distinct tranches across consecutive trading sessions:

• First Tranche (September 28): Taku purchased 52,000 equity shares at an average price of around Rs 199 per share, amounting to approximately Rs 1.04 crore.
• Second Tranche (September 29): An additional 55,000 equity shares were purchased at an average price of approximately Rs 198 per share, totaling about Rs 1.09 crore.

Combined, the transactions totaled roughly Rs 2.12 crore (excluding statutory charges and brokerage fees).

Stake and Shareholding Progression

Following the latest purchases, Upasana Taku’s individual stake in One MobiKwik Systems has increased to 10.24% from 10.11% previously. Her total equity holding now stands at 80,64,670 shares, up from 79,57,670 shares held prior to these acquisitions.

In an accompanying communication submitted alongside the disclosure, Taku noted that she has acquired an aggregate of 2,94,177 equity shares from the secondary market since the company’s initial public offering (IPO) in December 2024. This cumulative post-listing accumulation comprises:

• December 2025: 1,87,177 equity shares acquired via open-market purchases.
• September 2026: 1,07,000 equity shares acquired in the latest two-day transaction.

The promoter group emphasized that neither Taku nor any other member of the promoter group has offloaded any equity shares since the company's market debut.

Market Significance for Investors

Promoter insider buying is widely monitored by Dalal Street participants as an indicator of internal alignment with long-term enterprise value. Taku’s recent share purchases were completed at an average price near Rs 198.50 per share, roughly 29% below the December 2024 IPO issue price of Rs 279.

The absence of any promoter-led selling alongside continued accumulation reflects the leadership team's focus on capital commitment and faith in the company's operational trajectory within India's evolving digital payments and financial services landscape.

Tags: One MobiKwik Systems Upasana Taku NSE SEBI Fintech Indian Stock Market