AI-focused cloud provider E2E Networks secures INR 420.5 Cr (around $50 Mn) via preferential issue of equity shares from a group of investors
Its board approved the preferential issue of up to 24,81,592 equity shares at an issue price of INR 1694.50 per share, to raise the total sum
E2E Networks plans to use the fresh funds to accelerate growth of its AI-first cloud platform to support advanced machine learning and AI-driven applications
AI-focused cloud provider E2E Networks has secured INR 420.5 Cr (around $50 Mn) in a strategic investment via preferential issue of equity shares.
This investment saw participation from a group of investors, including members of the promoter group and other public investors.