Up 70% in 6 months, Kissht parent OnEMI raises ₹832 cr from preferential issue; check who invested, price, performance
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓OnEMI Technology Solutions raised ₹832.20 crore through a preferential share issue, allotting shares to 34 investors.
- ✓The parent company of Kissht saw its shares gain 70% in six months.
- ✓CEO Ranvir Singh said, "We are grateful to every investor who has put their trust in Kissht," following the successful fundraising.
Story at a Glance
- Category
- Indian Markets
- Reported By
- mint
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
OnEMI Technology Solutions raised ₹832.20 crore through a preferential share issue, allotting shares to 34 investors, including Axis Mutual Fund schemes, Citigroup and MIT.
OnEMI Technology Solutions, the parent company of digital lender Kissht, has completed a preferential issue worth ₹832.20 crore, allotting shares to 34 investors, including Axis Mutual Fund schemes, Citigroup Global Markets Hong Kong and the Massachusetts Institute of Technology.
OnEMI shares have gained around 70% in six months, although they declined in trade on November 11 after four consecutive sessions of gains.
OnEMI fundraising: 6 key things investors should know
1. OnEMI completes ₹832 crore preferential share allotment
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