Investment3 Sept 2025, 11:16 am
GACM Technologies to Raise USD 110 Million via FCCBs for Overseas Business Acquisition
AI Summary
GACM Technologies Ltd. announced that its Board of Directors, in a meeting held on September 03, 2025, approved the proposal for raising funds by way of issuance of Foreign Currency Convertible Bonds (FCCBs) amounting up to USD 110 million (equivalent to approximately INR 1,000 crore) for acquiring potential overseas business. The issuance is subject to necessary approvals including the approval of the members of the Company at the ensuing Annual General Meeting.
Key Highlights
- GACM Technologies to raise USD 110 million via FCCBs
- Funds to be used for acquiring potential overseas business
- Issuance subject to approval from the members of the Company at the Annual General Meeting
- Funds to be raised in accordance with applicable laws
- Announcement made following the Board of Directors meeting on September 03, 2025