One Mobikwik Systems Limited: Slump Sale Completion Intimation
One Mobikwik Systems Limited, a listed fintech company, has informed the NSE of the completion of a slump sale (asset transfer sale as a single unit without apportionment). The transaction was notified via a corporate action intimation filed with the exchange on 18 August 2026. A slump sale is a statutory mechanism (under Schedule II of the Income-Tax Act) permitting a company to sell assets en bloc; this structure avoids individual asset revaluation and simplifies transfer mechanics. The transaction has reached completion stage, though the seller, buyer, purchase price, and underlying business/asset carve-out remain non-public in the immediate announcement.
Why it mattersSlump sales of fintech/payments platforms are relatively rare structured exits in India; this precedent flags how listed tech firms execute asset carve-outs under Schedule II (no apportionment) rules, and the disclosure obligations at both NSE and income-tax levels post-completion.
Counsel—
SectorTechnology
[object Object][object Object][object Object][object Object][object Object][object Object][object Object]
Sources
Open in the live tracker →Related deals
- Morrison Foerster, Khaitan & Co advises Autodesk on acquisition of select tech assets, intellectual property from BIMDeX28 Oct 2026
- Trilegal acts on Fusion CX ₹702 crore IPO26 Oct 2026 · ₹702 cr
- Fox & Mandal, Shardul Amarchand Mangaldas act on Canada-based Infotech acquiring Zluri26 Oct 2026
- TT&A, A&O Shearman advise broker on sale of ₹250 crore Anthem Biosciences shares by Portsmouth Tech26 Oct 2026 · ₹250 cr
- HCL Technologies Limited: General Updates26 Oct 2026
- Newgen Software Technologies Limited: Amalgamation/Merger23 Oct 2026