Corporate News
CCME Global Limited, formerly Genesis IBRC India Limited, announced a significant share issuance to acquire stakes in CCME and Interlink, alongside a share sub-division and relocation of its registered office. The company issued 19,60,92,244 shares, valued at INR 196,09,22,440, for the CCME acquisition and 2,03,42,244 shares, valued at INR 2,03,42,24,400, for a 52% stake in Interlink. To enhance liquidity, CCME Global plans a 1:10 share split, reducing the face value per share from INR 10 to INR 1, expected to be completed in fiscal year 2026-2027. The company is also relocating its registered office from Eluru, Andhra Pradesh, to Mumbai, Maharashtra, to align with its operational and management functions. Poonam Chaturvedi serves as Managing Director, and contact information is available at www.genesisiil.com and csgenesisiil@gmail.com.