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MobiKwik, a fintech firm, has launched its wholly owned subsidiary, MobiKwik Securities Broking, marking its entry into the stock broking space. The company plans to become a member of various stock and commodity exchanges in the country and abroad. MobiKwik Securities Broking has been set up with an initial capital of Rs 1 lakh and the parent company plans to infuse an additional Rs 2 crore.
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