On July 9, 2025, GACM Technologies Ltd's board of directors approved a Qualified Institutions Placement (QIP) to raise up to ₹200 crore. This strategic move is designed to enhance the company's financial capacity as it positions itself for future growth in the rapidly expanding fintech and EdTech sectors.
The QIP will involve shares priced at face value of ₹1 or above, depending on regulatory approvals. Additionally, the board has finalised a share swap agreement that includes acquiring a 30% equity stake in WEXL Edu Pvt Ltd and up to a 16% stake in MSIL. This acquisition is projected to significantly boost GACM's market valuation, which currently sits at ₹94 crore.
GACM's acquisition of a stake in WEXL Edu Pvt Ltd, an AI-driven EdTech firm, is expected to elevate its status in the education technology landscape. The deal is valued at over ₹500 crore, emphasising GACM's commitment to diversifying into high-growth areas that promise substantial returns. WEXL's partnerships with key educational bodies like NCERT and CBSE position it for extensive national implementation.
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On July 10, 2025, GACM Technologies share price opened at ₹0.86 on NSE, above the previous close of ₹0.82. During the day, it surged to ₹0.86 and dipped to ₹0.85. The stock is trading at ₹0.86 as of 9:33 AM. The stock registered a significant gain of 4.88%, hitting the upper circuit limit of the day.
Over the past week, it has declined by 3.37%, over the past month, it has declined by 11.34%, and over the past 3 months, it has moved up by 32.31%
The approval of a ₹200 crore QIP issue by GACM Technologies Ltd marks a significant step towards strengthening its financial foundation and expanding its influence in the fintech and EdTech sectors. With strategic acquisitions and solid financial performance, GACM is well-positioned for future growth and innovation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 10, 2025, 9:51 AM IST
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