GACM Technology board approves QIP issue of up to Rs 200 cr

GACM Technology's board has greenlit a proposal to raise up to Rs 200 crore through a qualified institutional placement. The funds will be raised in one or more tranches, subject to necessary approvals. Additionally, the board finalized a share swap agreement and recently signed an agreement to acquire a 30 per cent equity stake in WEXL Edu.