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Generation Development Group Limited ( (AU:GDG) ) just unveiled an update.
Generation Development Group Limited (GDG) has announced an equity raising plan to support the acquisition of Evidentia, with a total capital raise of approximately $287.9 million. This includes a 1 for 7.16 pro-rata accelerated non-renounceable entitlement offer to raise $173.5 million and an institutional placement to raise $114.4 million. The move aims to enhance GDG’s market position and expand its operational capacity, potentially impacting shareholders and the company’s future growth trajectory.
More about Generation Development Group Limited
YTD Price Performance: 27.88%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €844.8M
For detailed information about GDG stock, go to TipRanks’ Stock Analysis page.
