Board approves plan to raise up to Rs 1,200 Crore through equity instruments

The board of Netweb Technologies India Limited, at its meeting on July 1, 2026, approved raising funds up to Rs 1,200 Crore through equity shares, preference shares, convertible debentures, non-convertible debentures with warrants, or other equity-based securities. The raise can happen via qualified institutions placement, preferential issue, private placement, follow-on public offer, rights issue, or any combination, in one or more tranches. A Fund Raising Committee has been set up to decide the mode, pricing and timing. Shareholder approval will be sought through a postal ballot.