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E2E Networks LimitedQIP/Rights/Pref., 05-11-2024: Issue of Securities

05-11-2024 · 09:15 am

E2E Networks Limited's Board has approved a preferential issue of 29,79,579 equity shares to Larsen & Toubro Limited at ₹3,622.25 per share, totaling approximately ₹1,079 crore. An extraordinary general meeting will be held on November 27, 2024, for shareholder approval. The Articles of Association will also be amended to include minority protection rights for L&T. Following the issue, L&T will gain the right to nominate up to two directors on the board.

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