ALPHA TRIBE

Macobs Technologies LimitedImportant, 31-05-2025: Updates

31-05-2025 | 03:56 pm

Macobs Technologies has redirected unutilized IPO funds from loan repayment to enhance working capital, supporting growth initiatives. Of ₹18.07 Cr net IPO proceeds, ₹2 Cr was spent on customer acquisition, ₹1.2 Cr on working capital, and ₹1.5 Cr partially on loan repayment. The company is evaluating further use of funds for expansion and acquisitions this year. ₹0.31 Cr remains unutilized. This approach reflects a focus on optimizing resource allocation to drive business growth and shareholder value.

No comments yet. Be the first to comment!

All announcements from Macobs Technologies Limited