Now Reading: Kissht gets board nod to raise Rs 832 crore via preferential issue
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Kissht gets board nod to raise Rs 832 crore via preferential issue
Kissht gets board nod to raise Rs 832 crore via preferential issue
Listed NBFC Kissht has secured board approval to raise Rs 832.2 crore via a preferential issue of 2.6 crore equity shares at Rs 314.11 apiece to 34 investors, according to an exchange…
Listed NBFC Kissht has secured board approval to raise Rs 832.2 crore via a preferential issue of 2.6 crore equity shares at Rs 314.11 apiece to 34 investors, according to an exchange filing. The company did not disclose how it plans to use the funds. The allotment is subject to regulatory and shareholder approval, and an extraordinary general meeting has been called.
Among the investors, Axis Mutual Fund will receive shares worth nearly Rs 200 crore, while Massachusetts Institute of Technology will get shares totalling Rs 85 crore, inc42 reports. HDFC Mutual Fund, White Oak, 360 One, Groww Mutual Fund, and Bandhan Mutual Fund have also participated, NDTV Profit reports. Envision Capital will get nearly Rs 40 crore, and First Bridge Rs 20 crore.
The fundraise comes four months after Kissht listed on the BSE at an 11.7% premium. The company's consolidated net profit rose 59% to Rs 95.1 crore in Q1 FY27, with operating revenue up 45% to Rs 669.5 crore. Shares closed 5.08% higher at Rs 359.7 on Thursday.
Indian Opinion Analysis
Both sources present the fundraise as a routine corporate action with strong investor interest. The undisclosed use of proceeds, flagged by inc42, is the only gap. The presence of large institutional names including MIT suggests confidence in Kissht's lending model. The shareholder vote on the preferential issue will be the next concrete event to watch.
Coverage: 2 sources, 2 neutral
Sources (2): inc42.com (neutral report), ndtvprofit.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry.
