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OnEMI Technology shares drop after Rs 832.19cr preferential issue approval

OnEMI Technology Solutions fell after the board approved a preferential issue to raise up to Rs 832.19 crore, with the proposed issue price set above the IPO price.

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Shares of recently listed OnEMI Technology Solutions fell in Friday’s trade after the digital lending company announced plans to raise up to Rs 832.19 crore through a preferential issue, with the proposed issue price set well above the price at which the company went public just over four...

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