Approved Further investment of funds in Iogems Technologies Private Limited, Subsidiary of the company
Price
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The Board of BCC Fuba India approved a further investment of Rs. 45.9 lakhs (4,59,000 equity shares at Rs. 10 each) in its subsidiary IOGEMS Technologies Private Limited, in which it already holds a 51% stake (acquired on January 23, 2026). IOGEMS is raising Rs. 90 lakhs in total through a rights issue, and BCC Fuba is participating in proportion to its existing shareholding. Since other shareholders are also expected to participate proportionally, BCC Fuba's 51% holding in IOGEMS will remain unchanged after the issue.
This is a proportionate follow-on investment in an existing subsidiary and does not change BCC Fuba's ownership percentage or control. It is unlikely to have a material impact on the stock price, as the amount is relatively small and the company's stake in IOGEMS stays the same.