{
  "id": 17021793,
  "title": "OnEMI Technology Solutions Board Approves ₹624.15 Crore Rights Issue Investment In Wholly-Owned Subsidiary Si Creva Capital",
  "url": "https://urgent.news/2026/10/29/onemi-technology-solutions-board-approves-624-15-crore-rights-issue",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-29T06:30:31.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/onemi-technology-solutions-board-approves-62415-crore-rights-issue-investment-in-wholly-owned-subsidiary-si-creva-capital"
  },
  "original_language": "en",
  "account": "OnEMI Technology Solutions Ltd has approved a ₹624.15 crore rights issue to bolster its wholly-owned subsidiary, Si Creva Capital Services Private Limited. The investment, made through the subscription of 23,37,516 equity shares at ₹2,670.14 per share (including a ₹2,660.14 premium), will be used to augment Si Creva's capital base to meet future growth requirements. At least 75% of the proceeds will be allocated towards increasing Si Creva's capital. Si Creva, incorporated in July 2015, is a Middle Layer Non-Deposit Taking Non-Banking Financial Company in India, with a fiscal year 2025-26 turnover of ₹1,541.33 crore. The investment, expected to be completed by the end of December 2026, is a related party transaction under Section 2(76) of the Companies Act, 2013.",
  "summary": "Mumbai: OnEMI Technology Solutions Ltd will invest ₹624.15 crore in its wholly-owned subsidiary, Si Creva Capital Services Private Limited, through a rights issue. The investment , approved by the company's board on Wednesday, October 28, 2026, will be used to augment Si Creva's capital base. Investment Details The investment will be made through the subscription of 23,37,516 equity shares of…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}