Peak XV Partners Exits Mobikwik, Viridian, Societe Generale and Elimath Advisors Acquire 6.31% Stake for Rs 133 Crore

Peak XV Partners Exits Mobikwik, Shares Uptrend Continues

On April 28, Peak XV Partners, formerly known as Sequoia Capital India and SEA, exited One Mobikwik Systems, a digital wallet services provider, for over Rs 133 crore via open market transactions. Despite significant volatility, the stock maintained its uptrend for the second consecutive session, rising 1.66 percent to Rs 228.71 on the National Stock Exchange. Trading volumes remained higher, but the stock failed to close above its 200-day EMA for another session.

Peak XV Partners' Exit

Peak XV Partners Investments IV, the venture capital investment vehicle owned by Peak XV Partners, exited Mobikwik by selling its entire shareholding of 62.15 lakh shares (7.89 percent stake) for Rs 133.01 crore. The selling price was Rs 214.01 per share. The buyers of these shares included Hong Kong-based hedge fund Viridian Asia Opportunities Master Fund, European bank Societe Generale, and Mathew Cyriac-owned Elimath Advisors.

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These buyers acquired a total of 6.31 percent stake in Mobikwik at a purchase price of Rs 214 per share.

Other Market Activity

Meanwhile, the brisk action was also seen in Wheels India, a steel wheel manufacturer, which shares closed 1.07 percent higher at Rs 1,064.25 after high volatility on the National Stock Exchange. Nippon India Mutual Fund sold 1.95 lakh shares (0.81 percent stake) in Wheels India for Rs 20.68 crore at Rs 1,060.69 per share. As of March 2026, Nippon Life India Trustee through Nippon India ELSS Tax Saver Fund held 4.26 percent stake in the company.

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ArisInfra Solutions shares were also in focus, rising 7.24 percent to Rs 132.08 on the BSE, and soaring 3.38 percent to Rs 128.44 amid high volumes on the National Stock Exchange. Motilal Oswal Financial Services has bought 41.41 lakh shares (5.06 percent stake) in ArisInfra, the B2B platform for construction materials, for Rs 50.83 crore at Rs 122.76 per share, while Calliope Capital Advisors LLP has acquired 6.04 lakh shares (0.73 percent) for Rs 7.32 crore at Rs 121.03 per share.

On the other side, Neomile Corporate Advisory sold 17.5 lakh shares at Rs 121.01 per share, and its Category-III alternative investment fund Neomile Growth Fund-Series I offloaded 22.5 lakh shares at Rs 121 per share, which totalled to 4.89 percent stake worth Rs 48.4 per share. As per the shareholding pattern in March 2026, Neomile Growth Fund - Series I held 5.72 percent stake in ArisInfra.

Furthermore, Marwadi Shares and Finance sold 7 lakh shares in ArisInfra at Rs 132 per share, valued at Rs 9.24 crore, and Thakkar Nileshkumar Farshuram HUF offloaded 5 lakh shares at Rs 121.01 per share, amounting to Rs 6.05 crore.