Blitz Bureau
NEW DELHI: Black Box Limited, a trusted global digital infrastructure solution integrator delivering cutting-edge technology solutions, announced that it has received commitment for raising funds aggregating to Rs 410 crore.
The company’s Board of Directors, at its meeting held on August 2, approved the issuance in one or more tranches, 98,32,123 fully convertible warrants at Rs 417 per warrant, aggregating to Rs 410 crore. Each warrant is convertible into one equity share of the face value of Rs 2, each fully paid-up (equity share) of the company at a premium of Rs 415 at the option of proposed allottee, in one or more tranches, at any time within 18 months from the date of allotment of the warrants in accordance with the relevant provisions of SEBI ICDR regulations.
The funding round has garnered Rs 200 crore from the existing promoters of the company, which shows the continued confidence on the business and its growth plans, Rs 200 crore from the consortium of marquee investors comprising foreign institutional investors (FIIs) and high-net-worth individuals (HNIs), and Rs 10 crore by key management personnel of the company.
