CCME Global Approves Preferential Issue & Acquisitions

CCME Global Limited (formerly Genesis IBRC India Limited) announced board approval for a preferential issue and significant acquisitions. The company will issue equity shares for cash, aggregating up to ₹18 crore. Additionally, it approved acquiring over 50% share capital of Cash & Carry Middle East FZCO for approximately ₹112.73 crore via share swap and cash, and 52% of Interlink Distribution LLC for approximately ₹20.34 crore via share swap. The preferential issue also includes allotting shares aggregating ₹112.73 crore to CCME UAE shareholders and ₹20.34 crore to Interlink shareholders as part of the acquisition consideration. The board also ratified the appointment of a registered valuer and approved the draft valuation report.