GACM Technologies Ltd (formerly Stampede Capital Ltd) Explores Strategic Restructuring of WeXL Education Private Limited with PwC’s Assistance
Mumbai (Maharashtra), June 9 – GACM Technologies Ltd, formerly known as Stampede Capital Ltd (SCAP DVR), a leading financial consultancy firm, has received in-principal approval to explore strategic options, including mergers, acquisitions, or other business restructuring solutions for WeXL Education Private Limited (WeXL), aligning with the company’s long-term objectives.
In collaboration with PwC Business Consulting Services LLP, GACM Technologies has initiated a detailed equity value determination of WeXL Education. Based on PwC’s value analysis, WeXL’s estimated equity value is between ₹91 crore and ₹101 crore.
About WeXL Education
WeXL is a prominent online education platform catering to schools, colleges, coaching centers, and other educational stakeholders. The company has already onboarded 27,000 students through partnerships with 46 schools, with an additional 154 schools in the pipeline, which could potentially increase the total student base to approximately 90,300 students.
WeXL offers a unique research-based program, the Micro Learning Program, designed to improve users’ performance by 30%-50%. The program adopts a three-layered daily revision approach involving concept revision videos, summary notes, and questionnaires, ensuring students have a solid grasp of their lessons without disrupting existing teaching methods.
Recent Developments
In May 2023, the company completed a significant equity share allotment. GACM Technologies issued 11.12 crore equity shares with normal voting rights at a face value of ₹1 per share, totaling ₹11.12 crore. Additionally, 10.60 lakh equity shares with differential voting rights were allotted at ₹14 per share, amounting to ₹1.48 crore.
As a result, the company’s paid-up equity share capital with normal voting rights has increased from ₹22.90 crore to ₹34.02 crore, comprising 34,02,87,057 fully paid-up equity shares. The paid-up equity share capital with differential voting rights increased from ₹5.80 crore to ₹5.91 crore.
Name Change and Future Plans
The company also underwent a name change from Stampede Capital Ltd to GACM Technologies Ltd, which was approved by the Registrar of Companies, Hyderabad. A fresh certificate of incorporation was issued on May 4, 2023.
The company is committed to supporting WeXL Education through the restructuring process, aimed at maximizing the potential for growth and expansion. Once the restructuring discussions with WeXL’s management are completed, approval will be sought from the boards of both companies.
Looking Ahead
GACM Technologies aims to enhance the business landscape for educational stakeholders and provide innovative solutions that will help drive long-term success and sustainability in the online education sector.
For more information, please visit www.gacmtech.com.
Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.
