GACM Technologies Rights Issue 2024 FAQ's

GACM Technologies Rights Issue 2024 price is set at ₹1 per Share. The GACM Technologies Rights Issue 2024 opens on July 31, 2024, and closes on August 14, 2024, for the subscription.

The allotment of GACM Technologies Rights Issue 2024 is expected to happen on or about August 22, 2024 as per the issue schedule.

GACM Technologies Rights Issue 2024 expected to list on or around September 3, 2024.

The credit of GACM Technologies Rights Issue 2024 in Demat account is expected on or about August 28, 2024 as per the issue schedule.

The company proposes to utilize the net proceeds from the Issue towards funding the following objects.

1. To finance the capital expenditure towards the purchase of software & hardware, and servers;
2. To repay or prepay, in Full or in part, of certain Borrowings availed by our Company through adjustment against the Entitlement of Promoter and Promoter Group.
3. To invest in Gayiadi Fintech Private Limited, Wholly Owned Subsidiary Company, to finance its capital expenditure;
4. To make Acquisitions of Businesses in a similar or Complementary Spaces.
5. To meet General corporate purposes