GACM Technologies raises ₹49.5 cr through QIP issues
Through the QIP, the Company allotted 49.50 crore fully paid-up Equity Shares of face value ₹1 each at an issue price of ₹1 per Equity Share, aggregating to ₹49.50 crore
GACM Technologies Limited successfully raised ₹49.50 crore through a qualified institutional placement (QIP), as reported on Friday. The company's QIP was backed by participation from various overseas institutional investors, including Minerva Ventures Fund, Magnifica Global Opportunities VCC - MGO High Conviction Fund, AL Maha Investment Fund PCC - Onyx Strategy, and Ebisu Global Opportunities Fund.
According to the filing, GACM Technologies allotted 49.50 crore fully paid-up Equity Shares, each with a face value of ₹1, at an issue price of ₹1 per share, resulting in the successful raising of ₹49.50 crore. The capital raised will bolster the company's financial standing and equip it with the necessary resources to accomplish its strategic objectives, ultimately creating sustainable long-term value for all stakeholders.
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