Board Meeting29 Aug 2026, 07:10 pm
CCME Global Approves Acquisitions and Preferential Issue
AI Summary
CCME Global Limited (formerly Genesis IBRC India Limited) announced outcomes of its board meeting held on August 29, 2026. The board approved the acquisition of over 50% share capital of Cash & Carry Middle East FZCO for approximately INR 112.72 crore via share swap and cash. Additionally, they approved the acquisition of 52% of Interlink Distribution LLC for approximately INR 20.34 crore through share swap. The company also approved a preferential issue of up to 1.80 crore equity shares for cash at INR 10 per share, aggregating up to INR 18 crore, and issuance of shares for the acquisitions. The board also ratified the appointment of a registered valuer and approved the draft valuation report.
Key Highlights
- CCME Global to acquire Cash & Carry Middle East FZCO for ~INR 112.72 Cr.
- Acquisition of Interlink Distribution LLC approved for ~INR 20.34 Cr.
- Board approved preferential issue of equity shares aggregating up to INR 18 Cr.
- Ratified appointment of Registered Valuer for preferential issue.
- Approved increased Authorized Share Capital and amendment to Clause V/5.
Price Impact
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