GACM Technologies Limited has raised ₹49.50 crore through the qualified institutional placement (QIP) route, a company filing said on Friday.
The QIP witnessed participation from 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.
“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,” it said.
The capital raised will further strengthen our financial position and provide us with the necessary resources to pursue our strategic initiatives and create sustainable long-term value for all our stakeholders.
Published on August 22, 2026
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