India, Sept. 1 -- Amid fintech major MobiKwik's gains today (September 1), Abu Dhabi Investment Authority (ADIA) has laid off its entire stake of 16.44 Lakh shares or 2.1% stake in the company. The investor sold its stake via open transactions valuing it one share of MobiKwik at INR 238.45 apiece.

About 5 Lakh shares offloaded were lapped up by BoFA Securities for INR 12.2 Cr while the rest were bought by Musigma Securities for INR 28 Cr.

The Middle East sovereign fund picked up a minority stake in the new-age tech company in 2021, when it infused INR 14.89 Cr in the fintech company at a $700 Mn valuation. ADIA held 2.8% stake or 16.63 Lakh shares in the company at the time of its IPO.

The stake sale comes amid a slight uptick in MobiK...