E2E Networks Ltd (NSE: E2E): Share of a small business E2E Networks has seen a dramatic increase.
The share of E2E Networks rose 5 percent to Rs 4977.50 on the NSE the previous day. E2E Networks’ share price has increased to its 52-week peak.
The giant of the engineering and infrastructure industry Larsen & Toubro is buying up to 21 percent of the stake of E2E Networks Limited through a preferred offering of shares.
The company announced that in its exchange filing. The market share that E2E Networks has jumped more than 850 percent over the past year.
The Company’s Share Jumped More Than 850 Percent In A Year
The share in E2E Networks Limited has climbed more than 850 percent over the past year. The share of the company was 522.85 rupees on the 6th of November 2023.
The share of the company reached Rs 4977.50 on the 5th November of 2024. However, to date, E2E Networks’ share has seen a growth of around 621 percent.
At the start of the year, on the 1st of January 2024, the firm’s share was valued at Rs 690.75. The share of the company topped the Rs 4900 mark on November 5, 2024.
The price of shares for the company has risen by 325 percent over the past six months. The 52-week low for the share of the company is Rs 493.45.
29.79 Lakh Shares Will Be Issued First To Larsen & Toubro
29.79 lakh shares from E2E Networks Limited (E2E Networks) will be distributed first to the major of the infrastructure industry Larsen & Toubro.
The shares will be sold at the face value worth Rs 10 each. The price per share will be Rs 3622.25 and the sum is set at Rs 1079 crore.
The price for the issue of shares is discounted by around 24 percent off the closing price on Monday for E2E Networks.
Larsen & Toubro will initially purchase as much as 15 percent of E2E Networks through a preferential issue.
Additionally, Larsen & Toubro will buy a further six percent of the stake. This company is expected to purchase the stake in an amount totaling the sum of Rs 328 crore.
Quick Fact
| Company name | E2E Networks |
|---|---|
| Share increase in 1 year | 850% |
| Current share price | ₹4977.50 |
| 52-week peak reached | Yes |
| Recent growth to date | 621% |
| Share price at start of year | ₹690.75 |
| Share price 6 months ago | Up by 325% |
| 52-week low | ₹493.45 |
| Initial shares for Larsen & Toubro | 29.79 lakh |
| Face value per share | ₹10 |
| Issue price per share | ₹3622.25 |
| Discount on issue price | 24% |
| Total issue sum | ₹1079 crore |
| Initial stake for Larsen & Toubro | 15% |
| Additional stake for Larsen & Toubro | 6% |
| Possible stake value for 6% | ₹328 crore |
| Company name | Larsen & Toubro |
|---|---|
| Initial stake in E2E Networks | 15% |
| Additional stake in E2E Networks | 6% |
| First purchase amount | ₹1079 crore |
| Face value per share (E2E Networks) | ₹10 |
| Discounted issue price | 24% |
| Possible total stake value | ₹328 crore |
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