India, Sept. 18 -- Listed NBFC Kissht has secured board approval to raise up Rs.832.2 Cr via a preferential issue of equity shares to 34 investors and entities.

In a filing with the exchanges, the company said that its board has approved the issuance of 2.6 Cr fully paid-up equity shares to the investors at an issue price of Rs.314.11 apiece. The NBFC did not disclose how it plans to utilise the fresh proceeds from the issue.

The allotment is still subject to regulatory and shareholder approval. The company has also convened an extraordinary general meeting of the shareholders to seek approval for the preferential issue.

"Funds raising by way of a preferential issue on a private placement basis of up to 2,64,93,882 fully paid-up equity...