ASM Technologies Plans to Raise Up to ₹500 Cr

ASM Technologies Limited announced its Board of Directors has approved a proposal to raise funds up to INR 500 Crores. The fundraising can be done through various instruments including equity shares, convertible securities, warrants, or debentures. The modes of issuance considered include public issue, rights issue, preferential allotment, private placement, or Qualified Institutions Placement (QIP), among others. Shareholder approval will be sought for the proposed fundraising and related matters through a General Meeting or Postal Ballot. Further details will be disclosed upon finalization of the specific securities and issuance mode.