GENERAL9 Sept 2026
ASM Technologies share price hits record high: Radhakishan Damani, Mukul Agrawal back ₹526 crore preferential issue
ASM Technologies shares hit an all-time high of ₹6,990, gaining over 10% in a day. The jump followed board approval of a ₹525.99 crore preferential issue to investors like SBI Mutual Fund and Radhakishan Damani's firm. New shares are priced at ₹4,875 each. This brings heavyweight investors into the engineering services company. Watch for the October 4 shareholder meeting before acting.
Key Statutory Highlights
- ASM Technologies shares touched an all-time high of ₹6,990, after climbing 10.2% on Wednesday.
- The board approved a preferential allotment of up to 10,78,974 shares at ₹4,875 each to raise ₹525.99 crore.
- Proposed investors include SBI Mutual Fund, Radhakishan Damani's Derive Trading, and Asha Mukul Agrawal.
Actionable Advice for Taxpayers / Founders:If you hold ASM Technologies, watch the Extraordinary General Meeting on October 4 and get professional advice before any buy-sell decision.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: