OnMobile Global Limited — Others, 18-12-2024: Shareholders meeting

OnMobile Global Limited has announced a board meeting regarding a proposed postal ballot to seek shareholder approval for raising capital through a Qualified Institutions Placement (QIP) of equity shares and/or equity-linked securities, with a maximum limit of ₹300 Crore (Cr). The e-voting period begins on December 19, 2024, and concludes on January 17, 2025, with results expected by January 19, 2025. This capital raise aims to support business growth, strategic acquisitions, and general corporate purposes. Investors may view this initiative as a positive outlook for future expansion efforts.