GACM Technologies gets BSE nod for USD 699M FCCBs
GACM Technologies Limited received in-principle approval from BSE on May 29, 2026, to issue Foreign Currency Convertible Bonds worth USD 699 Million. The approval, based on an application dated May 13, 2026, is subject to conditions including statutory approvals from SEBI, RBI, and FEMA. The company disclosed this information on June 05, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015.

*this image is generated using AI for illustrative purposes only.
GACM Technologies Limited has secured in-principle approval from BSE Limited to issue Foreign Currency Convertible Bonds (FCCBs) worth USD 699 Million. The approval, granted on May 29, 2026, allows the company to issue and allot equity shares towards the proposed FCCB issue, subject to specific conditions and regulatory compliance.
The approval follows an application dated May 13, 2026, submitted under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The aggregate amount for the proposed issue shall not exceed USD 699 Million or its equivalent.
Conditions for Approval
The in-principle approval is contingent upon GACM Technologies fulfilling several conditions outlined by the exchange. These include:
- Submission of a listing application form along with required documents as per the BSE checklist.
- Payment of prescribed fees.
- Receipt of statutory and other approvals from authorities including SEBI, RBI, MCA, and FEMA.
- Compliance with all guidelines, regulations, and directions of the exchange or statutory authorities.
- Adherence to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as on the date of listing.
- Compliance with the Companies Act, 2013 and other applicable laws.
Regulatory Disclosures
The information was disclosed to the exchanges on June 05, 2026, under Regulation 30 of the SEBI (LODR) Regulations, 2015. BSE reserves the right to withdraw the in-principle approval if any information submitted is found to be incomplete, incorrect, misleading, or false, or if there is any contravention of rules and regulations.
| Detail | Description |
|---|---|
| Approval Date | May 29, 2026 |
| Application Date | May 13, 2026 |
| Aggregate Amount | USD 699 Million |
| Regulation | Regulation 28(1) of SEBI (LODR) Regulations, 2015 |
Historical Stock Returns for GACM Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.64% | 0.0% | +8.16% | -3.64% | -40.45% | -22.06% |
How does GACM Technologies plan to utilize the USD 699 million raised through the FCCBs?
What is the expected conversion price and premium for the FCCBs, and how might it impact existing shareholders?
How will the company manage the foreign currency risk associated with the FCCB issuance?


































