OnEMI Surges on New Subsidiary, Aadhar Housing Finance Gains on NCDs
By Sivam
OnEMI Technology Solutions shares jumped 6% on a new subsidiary, while Aadhar Housing Finance climbed on a Rs 250 crore NCD allotment. Market updates.
Market Movers: OnEMI, Aadhar Housing Finance See Gains
OnEMI Technology Solutions saw its shares surge by 6.07%, reaching Rs 288.40, following the incorporation of a new wholly-owned subsidiary. Simultaneously, Aadhar Housing Finance also experienced a gain, with its stock rising 0.74% to Rs 490.00 after approving a Rs 250 crore Non-Convertible Debenture (NCD) allotment.
Key Corporate Developments
- OnEMI Technology Solutions: The company announced the Certificate of Incorporation for its new wholly-owned subsidiary was received on June 18, 2026, fueling the stock’s climb.
- Aadhar Housing Finance: Its Board of Directors’ Management Committee approved the allotment of Rs 250 crore via NCDs on June 18, 2026, contributing to its share price increase.
Other Business Updates
- Saurashtra Cement: Appointed Sonali Sanas as the new Chief Executive Officer for its Paints Division, effective August 16, 2026. This appointment follows the resignation of Surender Bhatia.
- Regency Fincorp: The Allotment Committee approved a private placement of 15,000 13% Listed, Secured, Rated, Redeemable Non-Convertible Debentures. Each debenture has a face value of INR 10,000, aggregating to a total of INR 15 crore.