E2E Networks Limited — Board Meeting, 05-11-2024: Outcome of Board Meeting

E2E Networks Limited's Board of Directors approved a preferential issue of 29,79,579 equity shares to Larsen & Toubro Limited at an issue price of Rs. 3,622.25 per share, totaling Rs. 1,079.28 crore. The resolution includes alterations to the Articles of Association for minority protection rights and necessitates shareholder approval at an Extraordinary General Meeting on November 27, 2024. An investment agreement with L&T allows for acquisition of shares from promoter Tarun Dua.