Yaap Digital Fund Raise of ₹80.11 Cr
Yaap Digital Limited reported zero deviation in utilizing ₹80.11 Crore raised via its public issue. The company has deployed ₹40 Crore for working capital and acquisitions.
- Value
- ₹80.11 Cr
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Yaap Digital Limited reported zero deviation in utilizing ₹80.11 Crore raised via its public issue. The company has deployed ₹40 Crore for working capital and acquisitions.
Yaap Digital Limited reported zero deviation in utilizing its ₹80.11 Crore IPO proceeds. The company has utilized ₹40.00 Crore primarily for acquisition and working capital.
Yaap Digital Limited approved a preferential issue of 4,43,103 equity shares at ₹172.89 each, aggregating ₹7.66 Crore. The shares are issued to shareholders of Gozoop Online Private Limited as consideration for acquiring an 8.02% stake in Gozoop. This strategic move aims to strengthen the company's digital portfolio through inorganic growth.
Yaap Digital Limited approved a preferential allotment of 4,43,103 equity shares valued at ₹7.66 Crore to acquire an 8.02% stake in Gozoop Online Private Limited. The transaction is a share swap for consideration other than cash. Additionally, the company convened an EGM for May 25, 2026, to seek necessary shareholder approvals.