Netweb Technologies Eyes ₹1200 Cr Fundraise via Securities Issuance

Netweb Technologies India Limited's Board of Directors has approved a proposal to raise up to ₹1200 Crore through the issuance of various instruments including equity shares, preference shares, convertible or non-convertible debentures, and warrants. The fundraise, which requires shareholder and regulatory approvals, can be executed in one or more tranches via methods like Qualified Institutions Placement, preferential issue, private placement, follow-on public offer, or rights issue. A Fund Raising Committee has been constituted to determine the specifics of the issuance, including mode, timing, structure, and pricing. Shareholder approval will be sought through a postal ballot.