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Board Meeting Outcome

Spacenet Enterprises India Board Meeting Outcome

Spacenet Enterprises India Limited board approved a ₹200 Crore fund raise via QIP or other instruments. It also recommended increasing authorized share capital to ₹100 Crore and amending the company's object clause to include real estate and renewable energy sectors. Additionally, Mr. Deenadayal Tripurasetty was appointed as an Independent Director.

Key figures
Value₹200.0 Cr
Source

NSE filing, NSE: SPCENET. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

Spacenet Enterprises India Ltd: key numbers

Share price
₹3.20
Market cap
₹181.9 Cr
Revenue (annual)
₹194.7 Cr
Net profit (annual)
₹16.07 Cr
P/E (TTM)
7.3×Sector 23.6×
Promoter holding
15.50%-0.02% QoQ
FII holding
1.65%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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17:14 IST NSE
Fund Raise

Spacenet Enterprises India Fund Raise of ₹500 Cr

Spacenet Enterprises approved an enabling proposal to raise up to ₹500 Crore in funds. The Board also appointed a new Chairperson and an Additional Director.

Value
₹500.0 Cr

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