Ikoma Tech Plans ₹50 Cr Rights Issue, Acquires ICM Insurance Brokers

Ikoma Technologies Limited (formerly Vuenow Infratech Limited) announced a significant strategic move following its Board of Directors meeting. The company plans to raise up to ₹50 crore through a Rights Issue to eligible shareholders. Additionally, the Board has approved the acquisition of ICM Insurance Brokers Private Limited, subject to necessary approvals. A Rights Issue Committee has been formed to finalize the terms of the fundraising, including issue size, price, and record date. The acquisition details, including the target entity's share capital, have also been disclosed.