Kissht Gets Board Nod To Raise ₹832 Cr Via Preferential Issue

Listed NBFC Kissht has secured board approval to raise up ₹832.2 Cr via a preferential issue of equity shares to 34 investors and entities. In a filing with the exchanges , the company said that its board has approved the issuance of 2.6 Cr fully paid-up equity shares to the investors at an issue price of ₹314.11 apiece. The NBFC did not disclose how it plans to utilise the fresh proceeds from the issue.