GACM Technologies Raises Rs 49.50 Cr from Global Investors via QIP

GACM Technologies successfully completed its Qualified Institutions Placement (QIP), raising Rs 49.50 crore and significantly strengthening its institutional investor base. This marks an important milestone in the company’s ongoing capital-raising program.

The company allotted 49.50 crore fully paid-up Equity Shares, each with a face value of Rs 1. These shares were issued at an issue price of Rs 1 per Equity Share.

The aggregate amount raised through this QIP stands precisely at Rs 49.50 crore. This capital infusion is crucial for the company’s operational and growth initiatives.

Global Investor Engagement

Overseas institutional investors actively participated in the QIP. Funds based in Mauritius, registered under the applicable Foreign Portfolio Investor (FPI) framework, were among the key participants.

This participation represents a significant development for GACM Technologies. It further enhances the company’s visibility among a broader spectrum of global investment institutions.

Company Profile

GACM Technologies, previously known as Stampede Capital, operates primarily in the software and financial consultancy services sectors. Its business focus includes delivering specialized solutions in these domains.

The successful QIP provides a robust financial foundation for GACM Technologies. It is poised to support the company’s strategic objectives and market expansion.