Calcom Vision Ltd has deferred its earlier plan to raise funds via a preferential issue and is now evaluating alternative fundraising routes, including a rights issue or qualified institutional placement (QIP). The shift reflects a strategic reassessment of capital-raising options amid evolving market conditions and investor appetite.
Calcom Vision Ltd, a key player in India’s electronics manufacturing sector, has announced a change in its capital-raising strategy. The company has decided to defer its previously planned preferential issue and is now actively exploring other fundraising avenues such as a rights issue or QIP to support its growth initiatives.
The move comes as the company seeks to align its fundraising approach with current market dynamics and shareholder interests. Calcom Vision aims to utilize the proceeds for capacity expansion, working capital needs, and technology upgrades in line with its long-term business roadmap.
Key updates from the announcement include:
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The board has deferred the preferential issue citing strategic and market-related considerations.
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The company is now evaluating a rights issue or QIP to raise capital in a more inclusive and market-aligned manner.
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Funds raised will be directed toward scaling manufacturing operations and enhancing product innovation.
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Calcom Vision remains focused on leveraging government-led PLI schemes and domestic demand for electronics.
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The revised fundraising plan is expected to be finalized in upcoming board deliberations.
Sources: Reuters, Calcom Vision Ltd Exchange Filings, Business Standard.