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The Board proposed reallocating ₹11.46 crore of unutilised IPO issue-expense proceeds to fund the ₹40 crore Epitome Cloud acquisition, subject to shareholder approval on September 29; it also appointed Anand Varanasi as senior management personnel. Context: formalizes funding for the company’s first material acquisition.
CapitalNumbers Infotech Board Approves ₹11.46 Crore IPO Object Reallocation
CapitalNumbers Infotech Completes ₹40 Crore Acquisition Of US-Based Epitome Cloud