GACM Technologies Approves ₹200 Crore QIP And ₹127.60 Crore Share Swap

Board approved acquisition of a 23.64% stake in WEXL EDU Limited through preferential issue share swap of 1,275,969,960 equity shares at Rs 1 each, representing enterprise value of 127.6 Cr. It also approved raising up to 200 Cr through QIP, FCCBs or other permitted securities and increasing authorised share capital from 300 Cr to 1,000 Cr. The share swap provides entry into WEXL EDU without an announced cash consideration, while the proposed fundraise broadens financing options. All key capital actions are subject to shareholder and other regulatory approvals. The transaction entails substantial equity issuance and potential dilution; QIP pricing, post-issue shareholding, WEXL EDU financial details and transaction valuation methodology were not disclosed. The managing director and whole-time director were reappointed for five-year terms.