StockWatch
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Stockbroking & Allied
Acquisitions8 Sept 2026, 11:27 am

GACM Technologies Approves Preferential Issue for WEXL EDU Stake 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 issuance, structured as a share swap, is in consideration for acquiring a stake in WEXL EDU Limited. The company also approved the notice for its 31st Annual General Meeting for the Financial Year 2025-26. The preferential issue involves 1,202,634,840 equity shares at ₹1 each, totaling ₹120.26 Crores, to non-promoter, public category shareholders of WEXL EDU Limited.

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 FY25-26 approved.
  • Issue is a share swap to non-promoter, public category investors.