Netweb Technologies Approves Qualified Institution Placement

Netweb Technologies India Ltd has announced the approval of a Qualified Institution Placement (QIP) by its Fund Raising Committee. The Board of Directors and members had previously approved the fundraising. The committee has authorized the opening of the issue on August 17, 2026, approved the preliminary placement document, and set the floor price at ₹4,885.90 per equity share. The 'relevant date' for pricing is August 17, 2026. The company may offer a discount of up to 5% on the floor price. The issue price will be determined in consultation with the book running lead managers. The trading window for designated persons remains closed until 48 hours after the issue price determination.