Kissht parent OnEMI completes ₹832 crore preferential equity issue
The listed digital lender allotted shares to 34 investors, including MIT and Unity Small Finance Bank.
OnEMI Technology Solutions, the listed parent of digital lending platform Kissht, has completed a preferential equity issue of approximately ₹832.20 crore to 34 investors. The company allotted 26,493,882 shares at ₹314.11 each, with participants including the Massachusetts Institute of Technology and Unity Small Finance Bank.
The financing was first announced following board approval on September 17, 2026. The shares were allotted on October 23, and trading approval followed on November 8; the November 11 completion report concerns that same issue. OnEMI designated 75% of the proceeds for its lending subsidiary Si Creva Capital Services and 25% for general corporate purposes.
Kissht offers personal and business credit and loans against property in India. The issue brings in 24 new investors alongside 10 returning investors to support the company’s lending operations.
Use of funds
Strengthen capital for lending operations through Si Creva Capital Services
General corporate purposes