Kissht Receives Approvals for Rs 832 Crore Preferential Issue
1 report, 1 independent
Updated Jan 1
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What happened
Kissht, a digital lender, received in-principle approvals from the BSE and National Stock Exchange for a proposed Rs 832-crore preferential issue. The company plans to issue up to 26.49 million equity shares at Rs 314.11 apiece to identified non-promoter investors. The stock exchanges granted these approvals on October 19.
From indiatimes.com
Why it matters
The approval of this large preferential issue allows Kissht to raise significant capital. This funding is intended to support the operations of the digital lender, whose parent company operates from Bengaluru.
From indiatimes.com
Who's involved
- BengaluruLocation where the parent company of Kissht operates