Kissht Parent OnEMI Board Approves Rs 832 Crore Preferential Issue

OnEMI Technology Solutions Limited’s Board Approves Fundraise of Approximately ₹832 Crore Through a Preferential Issue of Securities

Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], September 18: OnEMI Technology Solutions Limited, the listed parent company of digital lending platform Kissht (BSE: 544754/NSE: KISSHT), today announced that its Board of Directors has approved a proposal to raise approximately up to ₹832 crore through the issuance of equity shares on a preferential basis to such identified persons as mentioned in Schedule I,…

Kissht parent OnEMI board approves Rs 832 crore preferential issue

Kissht plans to issue up to 26.49 million equity shares at Rs 314.11 apiece to 34 investors in the non-promoter category, according to an exchange filing on Thursday. The transaction is subject to shareholder and other statutory and regulatory approvals, the company said.

Kissht Gets Board Nod To Raise ₹832 Cr Via Preferential Issue

Listed NBFC Kissht has secured board approval to raise up ₹832.2 Cr via a preferential issue of equity shares to 34 investors and entities.