India, Sept. 18 -- HT Syndication

Mumbai (Maharashtra) [India], September 18: OnEMI Technology Solutions Limited, the listed parent company of digital lending platform Kissht (BSE: 544754/NSE: KISSHT), today announced that its Board of Directors has approved a proposal to raise approximately up to Rs.832 crore through the issuance of equity shares on a preferential basis to such identified persons as mentioned in Schedule I, subject to the approval of the shareholders and requisite regulatory and statutory approvals.

The proposed preferential issuance will be undertaken in accordance with the applicable provisions of the Companies Act, 2013, Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and othe...