BCC Fuba India Greenlights 51% Stake Acquisition in Iogems Technologies, Eyes Rights Issue

BCC Fuba India Limited has approved a strategic move to acquire a 51% equity stake in Iogems Technologies Private Limited, marking a significant expansion in its business portfolio. The Board of Directors, in a meeting held on November 27, 2025, cleared the acquisition through various methods including subscription, purchase, or conversion of equity or preference shares, or other securities, in one or more tranches. The company may also extend loans, guarantees, or securities to Iogems Technologies, with the total investment, loans, guarantees, or securities not exceeding 60% of the aggregate of paid-up share capital, free reserves, and securities premium account, or 100% of free reserves and securities premium account, whichever is higher, as per Section 186(2) of the Companies Act 2013.

 

Additionally, the Board discussed a proposal for a Rights Issue but has deferred the final decision, opting to evaluate the matter further before proceeding.

 

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Source: BSE Corporate Announcement, Business Standard, Moneycontrol, Screener.in