Announced Wed, 1 Jul · 20:42 IST
Board approves fundraise of up to Rs 1,200 crore
Board & Shareholder Meetings View source PDF
NETWEB · price
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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹4506.80
prior close
₹4530.00
base price
After-mkt
timing
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AI summary
Netweb Technologies board on July 1, 2026 approved raising up to Rs 1,200 crore through equity shares, preference shares, convertible debentures, NCDs with warrants or other securities. Modes may include QIP, preferential issue, private placement, FPO, or rights issue, in one or more tranches. A Fund Raising Committee has been set up to decide structure, pricing and timing. Shareholder approval will be sought via postal ballot, subject to regulatory clearances.
Likely market impact
Possible equity dilution and EPS impact; shareholder approval needed via postal ballot. Near-term stock may see pressure depending on mode and pricing.