OnEMI Technology Solutions Ltd shares fall 2.97% as press release on Preferential Issue is announced
Why did OnEMI Technology Solutions Ltd shares fall today?
OnEMI Technology Solutions Ltd shares were trading lower by 2.97% at ₹349.0 around 11:15 AM on Friday. The decline came after the company, which operates the digital lending platform Kissht, announced a major corporate action. The stock is listed on both the BSE and NSE under the codes 544754 and KISSHT, respectively.
The trigger for the share price movement was a press release filed by the company with the stock exchanges. According to the release dated September 18, 2026, OnEMI's Board of Directors had approved a proposal at its meeting on September 17, 2026. The core plan is to raise approximately ₹832 crore by issuing equity shares on a preferential basis to investors. This is a common method for companies to raise capital quickly from select investors.
Such announcements can often lead to a short-term drop in a company's share price. When a company issues new shares on a preferential basis, it typically increases the total number of shares outstanding. This process can dilute the ownership percentage and earnings per share for existing shareholders, which is a common reason for negative market reaction to the news.
What does OnEMI Technology Solutions Ltd do?
OnEMI Technology Solutions Limited, a company listed on the BSE Limited and the National Stock Exchange of India Limited, is involved in financial activities related to securities. The company recently conducted a fundraising effort, specifically a Preferential Issue of securities, which was approved by its Board of Directors. This initiative resulted in the company raising approximately ₹832 crore.
The company's official website is listed as www.kissht.com, and it operates under the stock symbol KISSHT. The formal communications are managed by a Company Secretary and Compliance Officer, indicating structured corporate governance and compliance with regulatory requirements for listed entities.
OnEMI Technology Solutions Ltd Financials
In CroresOnEMI Technology Solutions Ltd's financial data indicates a positive growth trend over the period from June 2025 to June 2026. The company's revenue grew from ₹463.1 Crores to ₹669.5 Crores, while its profit increased from ₹59.74 Crores to ₹95.08 Crores. This represents a substantial year-over-year expansion in both top-line and bottom-line figures.
OnEMI Technology Solutions Ltd Shareholding Pattern
Promoter holding stands at 24.8% of the total share capital. Foreign Institutional Investors (FIIs) hold 7.64% stake in the company, while Domestic Institutional Investors (DIIs) hold 19.05%. Public shareholders hold the remaining 48.52% stake in OnEMI Technology Solutions Ltd.
OnEMI Technology Solutions Ltd FAQs
Q: Why did OnEMI shares fall 2.97% today?
Press release on the Preferential Issue of the Company.. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of OnEMI Technology Solutions Ltd?
As per the latest data, promoters hold 24.8% stake in OnEMI Technology Solutions Ltd, while FII holding stands at 7.64%. Domestic institutional investors hold 19.05%, and public shareholders account for 48.52% of the equity.
Q: What is the current stock price of OnEMI Technology Solutions Ltd?
OnEMI Technology Solutions Ltd shares are currently trading at ₹349.0, recording a decline of 2.97% from the previous close.
Q: What is the market capitalization of OnEMI Technology Solutions Ltd?
The company currently has a market capitalization of ₹6186.7 crore, reflecting its valuation in the Indian equity market.