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The Economic Times
The Economic Times
Business
Surbhi Khanna

Netweb Technologies shares fall 4% after raising Rs 1,200 crore through QIP

Netweb Technologies QIP Netweb Netweb Tech Nomura Goldman Sachs NSE Edelweiss Mutual Fund ICICI Prudential Mutual Fund

Shares of Netweb Technologies fell nearly 4% on Tuesday, hitting a low of Rs 5,220 on the NSE, after the company announced the successful completion of its Rs 1,200 crore qualified institutions placement (QIP).

According to a filing with the exchange on Tuesday, the company said that the Fund-Raising Committee of the Board of Directors approved the allotment of equity shares under the QIP at its meeting held on August 20, 2026.

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