Corporate Action20 Oct 2026, 07:30 am
OnEMI Technology Solutions Ltd Receives In-Principle Approval for Preferential Issue
AI Summary
OnEMI Technology Solutions Ltd has received in-principle approvals from both NSE and BSE for a preferential issue of up to 2,64,93,882 equity shares at INR 314.11 per share. The total amount raised will be approximately INR 8,321.99 Crores (₹8,32,19,93,275.02). These shares are being issued for cash to identified non-promoter investors. The approval is subject to the company fulfilling several conditions, including timely filing of listing applications, obtaining statutory approvals, and strengthening internal controls to monitor trades by proposed allottees.
Key Highlights
- In-principle approval received from NSE and BSE for preferential issue.
- Issue size: up to 2.65 Cr shares at ₹314.11 each.
- Total fundraising target: approx. ₹8,322 Crores.
- Shares to be issued to identified non-promoter investors.
- Approval contingent on fulfilling regulatory and listing conditions.
Price Impact
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