Acquisitions29 Aug 2026, 07:10 pm
CCME Global Approves Acquisitions via Share Swap and Cash
AI Summary
CCME Global Limited (formerly Genesis IBRC India Limited) announced board approval for the acquisition of over 50% share capital of Cash & Carry Middle East FZCO for approximately ₹112.73 crore through a share swap and cash. Additionally, the company approved acquiring 52% of Interlink Distribution LLC for approximately ₹20.34 crore via share swap. The board also approved a preferential issue of equity shares aggregating up to ₹18 crore in cash, and shares worth ₹112.73 crore and ₹20.34 crore for the respective acquisitions. The relevant date for the preferential issue was set as August 28, 2026.
Key Highlights
- CCME Global to acquire Cash & Carry Middle East FZCO for ₹112.73 Cr.
- Acquisition of Interlink Distribution LLC approved for ₹20.34 Cr.
- Preferential issue planned to fund acquisitions and raise capital.
- Board ratified registered valuer for share price determination.
- Acquisitions to be completed via share swap and cash components.
Price Impact
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