The floor price for the QIP has been set at ₹2,630.60 per fairness share, with the corporate permitted to supply a reduction of as much as 5% in session with the appointed lead supervisor.
The corporate’s Fund Elevate Committee accredited the preliminary placement doc and software type dated February 25 and authorised the opening of the difficulty on the identical day.
Additionally Learn: Anant Raj, E2E Networks shares soar on Price range information centre push
Final week, Nvidia introduced that it’s going to collaborate with E2E Networks to ship superior AI factories. The corporate, in a submitting to the NSE, mentioned that E2E Networks has not entered into any new business agreements or negotiations with Nvidia, and right now’s announcement pertains to an present settlement the corporate has with Nvidia.
It mentioned that “the Firm clarifies that it has an present relationship with NVIDIA that underpins our cloud and AI infrastructure choices.” E2E Networks added that, “No new negotiations, binding agreements, partnerships, or preparations with NVIDIA or some other get together, past what was disclosed … have been entered into by the Firm.”
Shares of E2E Networks Ltd ended at ₹2560.60, up by ₹119.50, or 4.90%, on the NSE.
Additionally Learn: E2E Networks shares rise 10% after profitable ₹177 crore order from MeitY’s IndiaAI mission
(Edited by : Jomy Jos Pullokaran)
Source link
#E2E #Networks #launches #QIP #difficulty #floor #price #set #share #CNBC #TV18
