India, Nov. 11 -- HT Syndication

Mumbai (Maharashtra) [India], November 11: OnEMI Technology Solutions Ltd, the parent of digital lender Kissht, has allotted 2,64,93,882 equity shares to 34 investors at Rs.314.11 apiece, completing a preferential issue worth Rs.832.20 crore. The new shares received trading approval from BSE and NSE on November 8.

The Board approved the allotment on October 23, according to a filing with the exchanges. The shares, with a face value of Rs.1 each, rank equally with the company's existing equity. They take OnEMI's paid-up capital from Rs.17.81 crore to Rs.20.46 crore, which means the new shares make up about 13 per cent of the enlarged capital.

The investor list shows a mix of fresh and returning money. Te...