Board Meeting9 Sept 2026, 08:56 am
ASM Technologies Plans ₹526 Cr Preferential Issue
AI Summary
ASM Technologies Limited announced that its Board of Directors has approved a preferential issue of up to 10,78,974 equity shares at Rs. 4,875 per share, aggregating up to Rs. 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 will also convene an Extra-Ordinary General Meeting (EGM) on October 4, 2026, to seek shareholder approval for this preferential issue.
Key Highlights
- Board approves preferential issue of equity shares.
- Total fundraising target is approximately ₹526 crore.
- Issue price set at Rs. 4,875 per equity share.
- EGM scheduled for October 4, 2026, for shareholder approval.
- Investors include SBI Mutual Fund and other entities.
Price Impact
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