{
  "id": 2495880,
  "title": "GACM Technologies raises ₹49.5 cr through QIP issues",
  "url": "https://urgent.news/2026/08/22/gacm-technologies-raises-49-5-cr-through-qip-issues",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-22T03:55:08.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/info-tech/gacm-technologies-raises-495-cr-through-qip-issues/article71376513.ece"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hindu BusinessLine",
        "title": "Netweb Technologies raises ₹1,200 crore via a QIP at ₹4,790 per share; stock hits 52-week high",
        "url": "https://urgent.news/2026/08/21/netweb-technologies-raises-1-200-crore-via-a-qip-at-4-790-per-share",
        "published": "2026-08-21T08:14:44.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}