Board Meeting9 Sept 2026, 08:57 am
ASM Technologies Approves Preferential Issue of ₹526 Cr
AI Summary
ASM Technologies Limited announced the approval of a preferential issue of up to 10,78,974 equity shares at ₹4,875 per share, aggregating up to ₹525.99 crore. The issue is to be made to SBI Mutual Fund, SBI Emergent India Fund, Derive Trading and Resorts Private Limited, and Asha Mukul Agrawal. The company also announced the convening of an Extra-Ordinary General Meeting (EGM) on October 4, 2026, to seek shareholder approval for this preferential issue. The relevant date for determining the floor price was September 4, 2026. The company's website will host further details.
Key Highlights
- Board approved preferential issue of 10.78 lakh shares.
- Issue price set at ₹4,875 per share, raising ₹526 crore.
- Investors include SBI Mutual Fund and other entities.
- EGM scheduled for October 4, 2026, for shareholder approval.
- Company to seek shareholder nod for the fundraise.
Price Impact
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