Deals17 Aug 2026, 06:10 pm
GACM Technologies Raises ₹49.5 Cr via QIP
AI Summary
GACM Technologies Ltd announced the successful completion of its Qualified Institutional Placement (QIP) issue. The Fund Raising Committee approved the allotment of 49,50,00,000 Equity Shares at an issue price of ₹1/- per share, aggregating to ₹49,50,00,000. This issuance increases the company's paid-up Equity Share capital from ₹1,10,27,42,236 to ₹1,59,77,42,236. The placement document was adopted, and the issue was opened and closed within a short period, reflecting efficient execution.
Key Highlights
- GACM Technologies completed a QIP, raising ₹49.5 crore.
- 49.5 crore equity shares were allotted at ₹1 each.
- The company's paid-up capital increased significantly.
- The QIP was approved by the Fund Raising Committee.
- Key institutional investors participated in the placement.
Price Impact
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