Acquisitions8 Sept 2026, 11:24 am
GACM Technologies Approves Preferential Issue for WEXL EDU Acquisition
AI Summary
GACM Technologies Ltd's Board of Directors met on September 8, 2026, approving a revised list of allottees and the number of equity shares for a preferential issue. This issue, involving a share swap, is in lieu of acquiring a stake in WEXL EDU Limited. The company will issue 1,202,634,840 equity shares of Re. 1 each at an issue price of Re. 1 per share, totaling an enterprise value of ₹120.26 Crores. The board also approved the notice for the 31st Annual General Meeting for the Financial Year 2025-26. The preferential issue is subject to statutory and regulatory approvals.
Key Highlights
- Board approved preferential issue for WEXL EDU stake acquisition.
- 1,202,634,840 equity shares to be issued at ₹1 each.
- Total enterprise value for acquisition is ₹120.26 Crores.
- AGM notice for FY 2025-26 approved.
- Transaction is subject to regulatory approvals.
Price Impact
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