Kissht parent OnEMI Technology Solutions has completed its ₹832.20 Cr preferential issue, allotting 2.65 Cr equity shares to 34 investors at ₹314.1 apiece. Twenty four new investors picked up stake in the company, while 10 existing shareholders, including schemes from Alchemy, First Bridge, Groww and HDFC, increased their holdings.

The new investors include Axis Mutual Fund schemes, Ashoka WhiteOak funds, 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets Hong Kong, Unity Small Finance Bank and the Massachusetts Institute of Technology (MIT).

The shares received trading approval from BSE and NSE on November 8, following the board’s approval on October 23 and shareholders’ nod at an extraordinary general meeting on October 14.

The preferential issue will increase Kissht’s paid-up equity capital from ₹17.81 Cr to ₹20.46 Cr, with the newly allotted shares accounting for approximately 13% of its enlarged equity capital.

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. 

In a filing with the exchanges, the company said that its board has approved the issuance of 2.6 Cr fully paid-up equity shares to the investors at an issue price of ₹314.11 apiece. The NBFC did not disclose how it plans to utilise the fresh proceeds from the issue.

The allotment is still subject to regulatory and shareholder approval. The company has also convened an extraordinary general meeting of the shareholders to seek approval for the preferential issue.

,” read the filing.

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