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Incorporated in 1999, Netweb Technologies India (NTI) is one of India‘s leading high-end computing solutions (HCS) providers, with fully integrated design and manufacturing capabilities.
Netweb Technologies has allotted 1,645 Equity shares to eligible employees at Rs. 2 each via ESOPs. This marginally increases the company's paid-up share capital, infusing Rs. 3,290.
Netweb Technologies allotted 25,05,219 shares to QIBs at ₹4,790/share, raising ₹1,200 Cr. Major recipients included mutual funds and foreign investors. This capital infusion boosts paid-up equity from ₹11.39 Cr to ₹11.89 Cr.
Netweb Technologies successfully closed its Qualified Institutional Placement (QIP), allotting 25.05 lakh equity shares to institutional buyers at ₹4,790 each. This move will raise ₹1200.50 Cr for the company.