Netweb Technologies raises ₹1,200 crore through QIP issue

NEW DELHI: Homegrown Netweb Technologies on Tuesday said it has raised ₹1,200 crore through a qualified institutional placement (QIP) round, marking its first equity capital raise since listing on the bourses in July 2023.

The QIP received a strong response from global and domestic institutional investors.

Netweb said the QIP round included participation from marquee investors such as Goldman Sachs Asset Management, Nomura Asset Management, Amundi Asset Management, Think Investments, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, Invesco Mutual Fund, HDFC Mutual Fund, Kotak Mutual Fund, Tata Mutual Fund, Motilal Oswal Mutual Fund, Bank of India Mutual Fund, Trust Mutual Fund, Helios Mutual Fund, among others.