OnEMI Technology Solutions to raise ₹832 Cr via Preferential Issue

OnEMI Technology Solutions Limited, operating the digital lending platform Kissht, announced its Board of Directors has approved a preferential issue to raise approximately ₹832 crore. The funds will be used to strengthen the company's capital position and fuel its next phase of growth. 75% of the capital raised will be infused into its wholly-owned subsidiary, Si Creva Capital Services Private Limited, to enhance Kissht's lending business, technology, product offerings, and market reach. The remaining 25% will be allocated for general corporate purposes. The company anticipates multiple credit rating upgrades, leading to lower borrowing costs and expanded funding capacity, thereby strengthening margins and profitability.