BSE in-principle approval for USD 699 million FCCB issuance

Fund Raising View source PDF Explain this filing

GATECHDVR · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹0.50

prior close

₹0.48

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.0%-2.0% vs market

Other Financial Services peers, median of 80sector+0.0%-2.0% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 2.0 pts less than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

+0.0

15m

+2.1

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0-0.0-2.0+0.0-2.0

Next day

-4.0-2.0-2.0-0.7-3.3

-6.0-0.1-5.9-0.3-5.7

-4.0-1.6-2.4-0.4-3.6

-4.0-2.7-1.3-0.5-3.5

-6.0+0.3-6.3-0.3-5.7

-6.0+2.6-8.6+0.0-6.0

15d

-12.0+4.2-16.2-1.7-10.3

-6.0+6.2-12.2+0.7-6.7

+0.0+8.6-8.6-0.7+0.7

+0.0+11.2-11.2-1.5+1.5

UpDownMarket · Nifty Microcap 250Sector · Other Financial Services peers, median of 80Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

GACM Technologies received in-principle approval from BSE on May 29, 2026, for issuing Foreign Currency Convertible Bonds (FCCBs) up to USD 699 million. The company had applied on May 13, 2026. These FCCBs, convertible into equity shares, are subject to further statutory approvals from SEBI, RBI, MCA, and FEMA. The approval is conditional on compliance with listing regulations and other applicable laws.

Likely market impact

Potential equity dilution on conversion. Up to USD 699 million raise possible but needs further regulatory clearances before listing.