Kissht files DRHP to raise Rs 1,000 Cr via fresh issue

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Digital lending platform Kissht, operated by OnEMI Technology Solutions, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 1,000 crore through a fresh issue of shares. 

The public offer will also include an offer-for-sale (OFS) of 8.88 million equity shares by its early backers including Vertex Ventures, Ventureast, Endiya Seed, AION Advisory and Ammar Sdn Bhd, among others.

According to the DRHP, Ammar Sdn Bhd will offload up to 20.89 lakh shares, while Vertex Ventures plans to sell 39.4 lakh shares. Other…



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Kissht files DRHP to raise Rs 1,000 Cr via fresh issue


Digital lending platform Kissht, operated by OnEMI Technology Solutions, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise Rs 1,000 crore through a fresh issue of shares. 

The public offer will also include an offer-for-sale (OFS) of 8.88 million equity shares by its early backers including Vertex Ventures, Ventureast, Endiya Seed, AION Advisory and Ammar Sdn Bhd, among others.

According to the DRHP, Ammar Sdn Bhd will offload up to 20.89 lakh shares, while Vertex Ventures plans to sell 39.4 lakh shares. Other…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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