OnEMI Tech shares rise 7.34% after ₹10,000 crore AUM milestone
In short
OnEMI Technology Solutions shares climbed 7.34% to ₹338.60 after the company said its assets under management crossed ₹10,000 crore. The milestone came after a ₹832 crore fundraise through a preferential share issue.
The stock moved higher because the lender showed faster growth and brought in new money to support its business.
What the reporting says
OnEMI Technology Solutions shares rose 7.34% to ₹338.60 after the digital lender said assets under management crossed ₹10,000 crore. The milestone followed a ₹832 crore fundraise through a preferential share issue. The update lifted the stock as investors reacted to the larger balance-sheet scale.
Why it matters
OnEMI Technology Solutions, the parent of Kissht, said its assets under management crossed ₹10,000 crore after raising ₹832 crore through a preferential share issue. The announcement triggered a 7.34% rise in the stock to ₹338.60. The market appears to have welcomed the combination of a scale milestone and fresh capital.