Kissht Gets Board Nod To Raise ₹832 Cr Via Preferential Issue

by · Inc42

SUMMARY

  • In a filing with the exchanges, the NBFC said that its board has approved the issuance of 2.6 Cr fully paid-up equity shares to the investors at an issue price of ₹314.11 apiece
  • Kissht is raising the preferential issue right after its IPO, signalling strong institutional interest in its lending business. But there appears no clarity on how the funds will be utilised
  • While Axis Mutual Fund will receive 63.7 Lakh shares worth nearly ₹200 Cr, Massachusetts Institute of Technology will be allotted 27.1 Lakh shares totalling ₹85 Cr