India, Aug. 21 -- OnEMI Technology Solutions Limited, which operates digital lending platform Kissht, has filed its draft red herring prospectus (DRHP) with the markets regulator SEBI to raise up to INR 1,000 Cr through a fresh issue of shares. Its IPO will also comprise an offer-for-sale (OFS) component of up to 88.8 Lakh shares.
Vertex Ventures, Endiya Partners and Ventureast, among others, would pare their stake as part of the OFS. While Vertex plans to sell up to 50 Lakh shares via the IPO, Ammar Sdn Bhd will sell up to 21 Lakh shares.
At the time of filing the DRHP, Vertex held a total of 23% share in Kissht, which includes Vertex Ventures SEA Fund III Pte. Ltd, Vertex Growth Fund Pte. Ltd and Vertex Growth Fund II Pte. Ltd.
While...
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