
Press Release2 Aug 2024, 04:37 pm
Black Box Ltd Secures Rs. 410 Crores in Funding for Digital Infrastructure Expansion
AI Summary
Black Box Limited, a global digital infrastructure solution integrator, has received commitment for raising of funds aggregating to Rs. 410 crores via preferential issue. The funding will be used to accelerate growth and expansion in the digital infrastructure sector, with a focus on improving margins, expanding data centre build capabilities, advancing network infrastructure, and innovation and delivery. The funding round has seen participation from existing promoters, marquee investors, and key management personnel. Black Box continues to be Essar’s key investment in the technology space, with a strong presence in the data centre segment and a proven track record of improving margins and profitability.
Key Highlights
- Black Box Ltd secures Rs. 410 Crores in funding for growth and expansion in digital infrastructure sector
- Funding from existing promoters, marquee investors, and key management personnel
- Plans to expand data centre build capabilities, advance network infrastructure, and drive innovation
- Continued focus on improving margins and profitability
- Black Box remains Essar’s key investment in the technology space