OnEMI Technology Incorporates Wholly Owned Subsidiary in Financial Services Sector
OnEMI Technology Solutions Limited has completed the incorporation of its Wholly Owned Subsidiary (WOS), marking a strategic expansion into the financial services industry. The WOS is named Invincible Minds Private Limited, and the company received the Certificate of Incorporation from the Central Registration Centre on June 18, 2026.This new subsidiary, operating in the Financial Services sector, represents part of OnEMI Technology Solutions Limited's ongoing strategic initiative to expand its presence through various non-lending business activities and allied financial service offerings.
On EMI Technology Solutions Limited has invested in Invincible Minds Private Limited with a cash consideration. The company subscribed to 90,00,000 equity shares, each having a face value of INR 10 (Indian Rupees Ten only). This investment aggregates to INR 9,00,00,000 (Indian Rupees Nine Crores only).
The incorporation and resulting shareholding details are summarized below:
| Detail | Particulars |
|---|---|
| Name of WOS | Invincible Minds Private Limited |
| Date of Incorporation | June 17, 2026 |
| Country of Incorporation | India |
| Industry Sector | Financial Services |
| Holding Company | OnEMI Technology Solutions Limited (Self) |
| Shareholding Percentage | 100% |
The investment details confirm that the company will subscribe to the entire initial paid-up share capital of the WOS, establishing complete control.
RADAAN Stock Price Movement
As of 3:18 PM, shares of Radaan Mediaworks India Limited continue to rally, edging higher by 0.97% in live trading and currently trading at ₹3.11. The stock has seen intraday movement ranging between a low of ₹3.04 and a high of ₹3.19, with 40,045 shares traded today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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