E2E Networks allots 4.28 lakh shares via QIP at Rs 2,500
E2E · price
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On the reaction day the stock moved 0.1 pts more than Nifty Microcap 250 and 0.1 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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E2E Networks allotted 4,28,000 equity shares to institutional buyers at Rs 2,500 per share through a QIP, raising about Rs 107 crore. The issue price has a 4.96 percent discount to the floor price. Key allottees include Bandhan Small Cap Fund, Jetha Global Master Fund, and Bandhan Large and Mid Cap Fund, each getting over 13 percent of the issue. Paid-up share capital has risen to 20,554,989 shares from 20,126,989 shares.
Dilution of about 2.1 percent for existing holders. Strong participation by reputed funds signals institutional confidence in the business.