Intimation of Acquisition in Iogems Technologies Private Limited through Right Issue
Price
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BCC Fuba India Ltd has acquired 4,59,000 equity shares of Rs. 10 each (totaling Rs. 45.90 lakhs) in its subsidiary Iogems Technologies Pvt Ltd (ITPL), taking its stake to 51%. The acquisition was made through a rights issue on a cash basis and has already been completed. Iogems Technologies, incorporated in October 2025, operates in the Electronic Manufacturing Services (EMS) segment and has no turnover yet. The deal is aimed at forward integration, allowing BCC Fuba to expand from its existing Printed Circuit Board (PCB) manufacturing business into the broader EMS value chain. The transaction is not a related-party deal and was done in compliance with applicable Companies Act provisions.
This acquisition extends BCC Fuba's business into the EMS segment, potentially opening new revenue streams beyond its core PCB manufacturing. For shareholders, this is a small-ticket investment (Rs. 45.9 lakhs) in a newly formed subsidiary, so near-term stock impact is likely limited, but it signals strategic growth intent in the electronics manufacturing space.