OnEMI raises ₹832.20 crore in preferential issue
In short
OnEMI Technology Solutions raised ₹832.20 crore through a preferential share issue. The company allotted shares to 34 investors, including Axis Mutual Fund schemes, Citigroup and MIT.
The brief says OnEMI is the parent of Kissht.
What the reporting says
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. Mint Markets said the company, which is the parent of Kissht, completed the fundraising through the preferential allotment.
Why it matters
OnEMI Technology Solutions completed a ₹832.20 crore preferential share issue and allotted shares to 34 investors, including Axis Mutual Fund schemes, Citigroup and MIT. The move adds capital to the company and is notable because OnEMI is the parent of Kissht.