Kissht board approves $100 million share issue
Kissht, the digital lending platform, got board approval to raise Rs 832 crore (about $100 million) by selling roughly 26.5 million new shares at Rs 314.11 each to 34 institutional investors, most of them not current promoters. The deal’s still waiting on shareholder and regulatory sign-off. There’s no word yet on how the company plans to use the funds.
- Rs 832 crore to be raised via preferential share issue
- Shares priced at Rs 314.11, a 13% discount to market
- 34 investors, including Axis Mutual and MIT, will participate
- Shareholder approval vote set for October 14
- No details shared yet on fund usage
Sources covering this
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