Capitalnumbers Infotech Approves IPO Object Variations
CapitalNumbers Infotech Limited's shareholders have approved significant variations to the company's Initial Public Offer (IPO) objects at the Annual General Meeting held on September 29, 2026. The primary variation broadens the scope of 'Investment in Subsidiary' to include the newly proposed wholly-owned subsidiary, Epitome Cloud Inc., and its subsidiaries, alongside the existing subsidiary Capital Numbers LLC. The original allocation of ₹500.00 Lakhs for this object remains unchanged. Additionally, a portion of unutilized funds from 'Issue Related Expenses', amounting to ₹1,146.46 Lakhs, has been reallocated to fund the acquisition of 100% ownership in Epitomecloud and its Indian subsidiary, Epitomecloud Technology Private Limited, for approximately ₹40 Crore. These changes do not increase the total IPO proceeds. The investment and acquisition are slated for completion by September 2028.
Key Highlights
- Shareholders approved variations in IPO objects at AGM on Sep 29, 2026.
- Investment in subsidiary scope broadened to include Epitome Cloud Inc.
- ₹1,146.46 Lakhs reallocated for Epitomecloud acquisition.
- Acquisition of Epitomecloud for approx. ₹40 Crore approved.
- No increase in total IPO proceeds due to variations.
Price Impact
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