Netweb Technologies: postal ballot to raise up to Rs 1,200 Crore
NETWEB · price
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Netweb Technologies is seeking shareholder approval via postal ballot to raise up to Rs 1,200 crore in one or more tranches. Funds can be raised via equity shares, preference shares, convertible debentures, warrants, or other securities through QIP, private placement, preferential issue, rights issue, or follow-on public offer. E-voting runs from July 3 to August 1, 2026, with results due by August 5. No allotment to promoters or related persons. One year lock-in for allottees. Up to 5 percent floor price discount is allowed.
Potential share dilution pending shareholder approval. Vote outcome expected by August 5, 2026. Watch for stock reaction if approved.