ASM Technologies Plans Up to ₹500 Cr Fund Raise

ASM Technologies Limited announced that 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), in one or more tranches. Shareholder approval will be sought for the proposed fundraising and related matters through a General Meeting or Postal Ballot. Further disclosures will be made upon finalization of the securities type and issuance mode.