StockWatch
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Biotechnology
Corporate Action28 Oct 2026, 07:10 pm

CCME Global Approves Allotment of 15.08 Cr Shares

AI Summary

CCME Global Ltd's Preferential Issue Committee approved the allotment of 15,08,42,244 equity shares aggregating to ₹150.84 Crore. This includes allotment of 1.80 Crore shares for cash to non-promoters, 11.25 Crore shares for consideration other than cash to promoters, and 2.03 Crore shares for consideration other than cash to a non-promoter. Following this, Interlink Distribution LLC has become a subsidiary and CCME UAE has become an associate of the company. The company's issued, subscribed, and paid-up capital increased significantly.

Key Highlights

  • CCME Global approved allotment of 15.08 Cr equity shares.
  • Total funds raised via preferential issue amount to ₹150.84 Crore.
  • Interlink Distribution LLC becomes a subsidiary.
  • CCME UAE becomes an associate of the company.
  • New shares rank pari passu with existing equity shares.