Netweb Technologies Board Approves Raising Up To ₹ 1200 Crore Through Versatile Fund Raise
Netweb Technologies India Limited has approved a significant fund raising initiative, with its Board of Directors sanctioning the raising of funds up to and exceeding ₹ 1200.00 Crore (Rupees One Thousand Two Hundred Crore only). This decision was taken following a Board meeting held on July 01, 2026.The approval allows the company to raise the aggregate amount through various financial instruments and securities. These include equity shares, preference shares, fully or partly convertible debentures, non-convertible debentures along with warrants, other equity based securities, or any combination thereof. The fund raising can be executed through multiple tranches or issuances, utilizing various methods such as qualified institutions placement, preferential issues, private placements, rights issue, follow-on public offer, or any other permissible mode.
To ensure the effective execution of this large scale fundraising, the Board established and authorized a dedicated Fund Raising Committee. This committee is responsible for determining the structure, timing, and terms and conditions of the proposed fund raise. This includes defining the type and number of securities to be issued, the issue price or price band (including any premium or discount permitted), and categorizing the classes of investors.
The company announced that it will seek shareholder approval for this matter through a postal ballot, following due circulation of the notice in accordance with applicable laws.
Details of Proposed Securities Issuance
The details related to the proposed issuance are outlined below:| Particulars | Details |
|---|---|
| Type of Securities | Equity shares, preference shares, fully or partly convertible debentures, non-convertible debentures along with warrants, other equity based securities, or any combination thereof. |
| Type of Issuance | Qualified institutions placement, preferential issue(s), private placement, follow-on public offer, rights issue, or through any permissible mode/combination. |
| Total Funding Amount | A maximum amount up to ₹ 1 200.00 Crore (Rupees One Thousand Two Hundred Crore only). |
NETWEB Stock Price Movement
Netweb Technologies India Limited today slipped by 0.64% to settle at ₹4507.9, trailing a loss of ₹29.20. The stock saw significant activity during trading, recording a total volume of 1,033,479 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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