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Essar Group’s digital infra firm Black Box to raise Rs. 410-Cr

Press Release  

Essar Group backed, publicly listed digital infrastructure tech firm Black Box Ltd has approved preferential allotment of equity shares to raise up to INR 410 crore. The company will issue 98,32,123 fully convertible warrants, at INR 417 each. Of this, INR 200 crore is from the existing promoters and the rest from foreign institutional investors and high networth individuals (HNIs). Post the conversion of warrants, the promoters’ shareholding will decrease to 69.8%.Black Box is a digital infrastructure integrator delivering network and system integration services to businesses in the US, Europe, India, Asia Pacific, Middle East and Latin America. It claims to have around 4,000 professionals globally.