Corporate News
CCME Global Limited, formerly known as Genesis IBRC India Limited, announced several corporate actions in a filing with the stock exchange, including the acquisition of a 52% stake in Interlink and another stake in CCME Global Limited through a share-based transaction, significantly increasing the company’s share capital. Shareholders have approved a 1:10 stock split, reducing the face value of each share from INR 10 to INR 1, expected to be completed during the fiscal year 2026-2027 to enhance liquidity and accessibility. Additionally, the company is relocating its registered office from Eluru, Andhra Pradesh, to Mumbai, Maharashtra, to align with its current operational structure, requiring an amendment to its Memorandum of Association. The moves reflect the company’s growth strategy and operational efficiency initiatives.