OnEMI Invests ₹624.15 Crore in Subsidiary Si Creva Capital
OnEMI Technology Solutions invests in subsidiary, boosts capital base. Investment approved by board.
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OnEMI Technology Solutions Ltd has approved an investment of ₹624.15 crore in its wholly-owned subsidiary, Si Creva Capital Services Private Limited.
The investment will be made through a rights issue, with the subscription of 23,37,516 equity shares of face value ₹10 each at a price of ₹2,670.14 per equity share.
At least 75 per cent of the proceeds will be used to increase Si Creva's capital base, meeting future capital requirements arising from business growth.
Si Creva Capital Services Private Limited operates as a Middle Layer Non-Deposit taking Non-Banking Financial Company in India, with a turnover of ₹1,541.33 crore in FY 2025-26.
The investment is expected to be completed by the end of December 2026.
Frequently asked questions
What is the purpose of OnEMI's investment in Si Creva Capital?
To increase Si Creva's capital base and meet future capital requirements.
When is the investment expected to be completed?
By the end of December 2026.
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