News Summary:
Tejas Networks Limited successfully raised ₹7766.88 crore on June 22, 2026, through a 100% book-built offer. The offer included a fresh issue of 17,509,727 equity shares totaling ₹4500 million and an offer for sale of 12,711,605 equity shares by selling shareholders. Subscribed 1.32 times at an issue price of ₹257 per equity share, the company intends to use the net proceeds for business expansion, including research and development investments and debt repayment. Previously, on June 11, 2026, Tejas Networks closed its trading window, effective June 16, 2026, until 48 hours after the unaudited financial results for the quarter ending June 30, 2026. Earlier, on June 3, 2026, the company scheduled its 26th Annual General Meeting for June 26, 2026, and distributed its Annual Report 2025-26. In May, on May 28, 2026, the Union Minister for Communications launched Tejas Networks' TJ1600-D3, a hyper-scalable Data Center Interconnect (DCI) platform for terabit-scale data center interconnections, at the Mobile World Congress. This launch followed an agreement signed earlier the same day with NEC Corporation to manufacture and supply 5G massive MIMO radios.
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