Mumbai, May 16 -- The board of OnEMI Technology Solutions at its meeting held today, i.e. on 16 May 2026, has approved, pursuant to the objects of the Initial Public Offering (IPO) of the Company, the utilization of the net proceeds received from the fresh issue portion of the IPO towards augmentation of the capital base of Si Creva Capital Services (Si Creva), a wholly owned subsidiary of the Company, by way of an investment aggregating to Rs 637.50 crore.

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