Investment3 Sept 2025, 11:20 am
GACM Technologies to Raise USD 110 Million via FCCBs for Overseas Acquisitions
AI Summary
GACM Technologies Ltd announced that its Board of Directors approved, in a meeting held on September 03, 2025, the proposal to raise funds by issuing Foreign Currency Convertible Bonds (FCCBs) up to an aggregate amount of USD 110 million (equivalent to approximately INR 1,000 crore) for potential overseas business acquisitions. The approval is subject to necessary approvals including the approval of the members of the Company at the upcoming Annual General Meeting.
Key Highlights
- GACM Technologies Ltd to raise funds through FCCBs
- Funds to be used for acquiring potential overseas businesses
- Aggregate amount up to USD 110 million (equivalent to approximately INR 1,000 crore)
- Subject to necessary approvals including the approval of the members of the Company at the upcoming Annual General Meeting