OnEMI Tech board approves INR 832 Cr preferential issue to 34 investors
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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 to 34 non-promoter investors, raising about INR 832.20 crore. Premium is INR 313.11 per share. Investors include Massachusetts Institute of Technology, Axis, HDFC, Groww mutual fund schemes, Ashoka WhiteOak, and 360 One funds. EGM on October 14, 2026 for shareholder approval.
Equity dilution from large preferential issue, but participation by marquee global and domestic investors signals strong institutional confidence. EGM approval pending.