OnEMI Technology Solutions Limited has informed the Exchange about Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Investment by way of acquisition of equity shares of Si Creva Capital Services Private Limited (Si Creva), wholly owned subsidiary of the Company
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OnEMI Technology Solutions Limited's Board has approved an investment of INR 637.50 crore into Si Creva Capital Services Private Limited (Si Creva), its wholly owned NBFC subsidiary. The investment will be made by subscribing to 30 lakh equity shares at INR 2,125 per share (face value INR 10 + premium INR 2,115) on a rights basis. The funds will come from the IPO fresh issue proceeds and will be used to augment Si Creva's capital base to support its growing business. Si Creva, a Middle Layer Non-Deposit taking NBFC incorporated in 2015, reported turnover of INR 1,092.48 crore in FY25 with a net worth of INR 858.98 crore. The transaction qualifies as a related party transaction as Si Creva is a wholly owned subsidiary, and it is being undertaken on an arm's length basis as per the IPO offer document objects.
This is an intra-group capital infusion using IPO proceeds to strengthen a wholly owned NBFC subsidiary. No change in ownership structure is expected — Si Creva will remain a wholly owned subsidiary post-investment. Positive for the subsidiary's growth capacity but has no immediate dilutive or major corporate action implications for the listed entity's shareholders.