States » WestPosted at: Nov 11 2026 1:06PM


Kissht's parent company completes Rs 832.20-crore preferential share issue

Mumbai, Nov 11 (UNI) On EMI Technology Solutions Ltd, the parent company of digital lending platform Kissht, has completed a preferential share issue worth Rs 832.20 crore, allotting nearly 2.65 crore equity shares to 34 investors, including prominent mutual funds, financial institutions and international investors.
According to a regulatory filing, the company allotted 2,64,93,882 equity shares at Rs 314.11 per share. The newly issued shares received trading approval from the BSE and NSE on November 8.
Following the allotment, the company's paid-up equity share capital increased from Rs 17.81 crore to Rs 20.46 crore, with the newly allotted shares accounting for approximately 13 per cent of its expanded capital.
Of the 34 investors, 10 were existing shareholders who increased their respective investments in the company. These included schemes associated with Alchemy, First Bridge, Groww and HDFC.
The remaining 24 investors were new participants in the issue. They included schemes of Axis Mutual Fund and Ashoka WhiteOak, 360 ONE, Bandhan Small Cap Fund, Citigroup Global Markets Hong Kong, Unity Small Finance Bank and the Massachusetts Institute of Technology, the filing said.
Commenting on the development, Ranvir Singh, Founder and Chief Executive Officer of Kissht, said the company was grateful to all investors for reposing confidence in its business.
He said the participation of existing shareholders through additional investments, along with the entry of several new investors, was encouraging and would provide the company with a stronger balance sheet.
Singh said the capital infusion would support the company's efforts to build a lending business focused on disciplined growth, careful underwriting and fair treatment of customers.
He added that the company's priority would remain on maintaining responsible lending practices and continuing to earn the trust of its investors and customers.
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