Black Box Limited raises Rs 410 crore through a preferential issue for data center expansions and innovation.

Black Box Limited, a digital infrastructure firm, raises Rs 410 crore through a preferential issue to boost growth and expansion in the digital infrastructure sector. Funding comes from existing promoters (Rs 200 crore), a consortium of foreign institutional investors and HNIs (Rs 200 crore), and key management personnel (Rs 10 crore). The company plans to use the funds for data centre expansions, innovation, and development efforts in areas like cloud computing infrastructure, cybersecurity, AI, and IoT.

August 02, 2024
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