Black Box secures Rs 410 cr in funding

Mumbai: Black Box Limited, a trusted global digital infrastructure solution integrator delivering cutting-edge technology solutions and worldclass consulting services to businesses around the globe, announced that it has received commitment for raising funds aggregating to Rs 410 crore via preferential issue aimed at accelerating growth and expansion in digital infrastructure sector.

The company's Board of Directors, at its meeting held on Friday, 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.