Corporate Action17 Aug 2026, 06:10 pm
GACM Technologies Allots 49.5 Cr Equity Shares to QIBs for ₹49.5 Cr
AI Summary
GACM Technologies Ltd announced the approval by its Fund Raising Committee for the allotment of 49,50,00,000 equity shares to eligible Qualified Institutional Buyers (QIBs). The allotment was made at an issue price of ₹1/- per equity share, aggregating to ₹49,50,00,000. This Qualified Institutions Placement (QIP) increases the company's paid-up equity share capital from ₹1,10,27,42,236 to ₹1,59,77,42,236. The company has adopted a Placement document dated August 17, 2026, and has complied with SEBI ICDR Regulations.
Key Highlights
- GACM Technologies approved QIP of 49.5 Cr shares.
- Issue price fixed at ₹1 per share.
- Total funds raised amount to ₹49.5 Cr.
- Paid-up capital increased significantly post-allotment.
Price Impact
More from GATECHDVR