Board approves INR 832 crore preferential issue to 34 investors
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 1.1 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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OnEMI Technology Solutions board approved a preferential issue of up to 2.64 crore equity shares at INR 314.11 per share, aggregating about INR 832.20 crores, to 34 non-promoter investors. Key investors include Massachusetts Institute of Technology, Axis Small Cap Fund (1.67%), HDFC Banking and Financial Services Fund (1.65%), Ashoka WhiteOak funds, 360 One, and Groww funds. Premium of INR 313.11 per share over face value of INR 1. EGM set for October 14, 2026 for shareholder approval.
Likely dilution for existing shareholders; marquee global and domestic investor participation signals long-term confidence in the company.