Other Deals - Listed Firms
Cloud computing platform E2E Networks raises Rs.421-Cr
Delhi-headquartered E2E Networks Ltd , a MeitY-empanelled cloud platform, has announced the successful closure of a strategic investment round, raising INR 420.51 crores through a preferential issue of equity shares.The firm would offer preferential issue of 24,81,592 equity shares at an issue price of INR 1694.50 per share, raising an aggregate amount of INR 420,50,57,644 (INR 420.51 crore).This investment comes from a diverse group of investors, including key members of the promoter group and an array of public investors. The funds will be deployed to accelerate the growth of E2E Networks’ cloud platform, enhancing its capability to support advanced machine learning and AI-driven applications.This equity capital raise was exclusively advised by InCred Capital, the Investment Banking arm of Incred Group.
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