Exicom Tele-Systems Limited — JV/Acquisition, 25-06-2025: Acquisition

Exicom Tele-Systems has announced a board meeting on fund-raising through a rights issue up to ₹260 Cr to strengthen its equity base. Additionally, it will convert an unsecured loan of ₹283.20 Cr extended to its wholly owned Netherlands subsidiary, Exicom Power Solutions B.V., into equity. This move aims to ease the subsidiary’s liquidity pressure by cutting interest outflows and boosting working capital, allowing the subsidiary to focus resources on its core EV-related business. No fresh cash outflow is involved; it’s a financial restructuring to support operations and reduce financial strain.