Announced Wed, 28 Oct, 2026 · 19:02 IST
Committee approves 15.08 crore preferential shares and two acquisitions
Price
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Price reaction
Awaiting price reaction for this filing.
AI summary
The committee approved 15.08 crore fully paid shares at par, worth INR 150.84 crore. This includes 1.80 crore shares for INR 18 crore cash from three non-promoters, 11.25 crore shares for 45% of CCME UAE, and 2.03 crore shares for 52% of Interlink. Paid-up capital rises from INR 45.25 crore to INR 196.09 crore.
Likely market impact
Paid-up share count over quadruples, diluting existing holders. The acquisitions expand Middle East and Africa exposure, but returns are uncertain.