ASM Technologies Board Approves Up to INR 500 Crores for New Fund Raise
A meeting of the Board of Directors of ASM Technologies Limited determined and approved a strategy aimed at raising funds, with the company targeting up to an aggregate amount not exceeding INR 500 Crores. The decision was made in relation to the proposal for issuing securities through various modes over one or more tranches.The Board meeting included consideration of generating capital either by issuing Equity Shares and/or other securities. These other securities include warrants, fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares (collectively referred to as 'Securities').
The company has explored multiple methods for the issuance of these funds. The approved options encompass a public issue, rights issue, preferential allotment, private placement, and Qualified Institutions Placement (QIP), or any combination thereof, subject to applicable laws and necessary regulatory approvals.
The proposed fundraising effort is contingent upon receiving approval from the Shareholders of ASM Technologies Limited. This shareholder approval is planned to be sought through a General Meeting or Postal Ballot exercise. The company stated that it will provide separate disclosures as the Notice for the meeting is issued to shareholders.
The Board, which convened on June 6, 2026, reviewed various types of securities and modes of fundraising available to the organization. Once the final type of security and specific mode of fundraising are determined, ASM Technologies Limited will make a detailed disclosure providing all requisite particulars to the Exchange as applicable.
Stock Price Movement
ASM Technologies Ltd. settled on Friday at ₹3241.85, edging higher by 0.08%. The shares experienced significant movement during the day, trading between a low of ₹3200.40 and a high of ₹3347.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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