New Delhi, Aug 2 (Reporter) Black Box Limited, a global digital infrastructure solution integrator on Friday said it has received commitment for raising of funds aggregating to Rs 410 crores via preferential issue aimed at accelerating growth and expansion in digital infrastructure sector. The Board of Directors, in its meeting held today, approved the issuance in one or more tranches, 98,32,123 fully convertible warrants, at a price of Rs. 417per warrant, aggregating to Rs 410 crores and each Warrant is convertible into 1 equity share of face value of Rs 2 each fully paid-up (“Equity Share”) of the Company at a premium of Rs. 415 at the option of Proposed Allottee, in one or more tranches, at any time within 18 months from the date of allotment of the Warrants in accordance with relevant provisions and regulations, company said in a statement. The fund raise capital is a growth capital for the Company and will be invested across several key areas including “Expansion of Data Centre Build Capabilities”. Data Centre capacity is expected to grow exponentially over the next 3-5 years fuelled by adoption of Cloud and AI. Black Box has strong presence in this segment and would invest in the value chain to be a dominant player providing expanded services to Hyperscalers, Multi-Tenant Data Centre operators and Large Enterprise Data Centre. Besides, Black Box will deploy capital to expand its Solutions portfolio for its enterprise customers and Data Centre operators including Hyperscalers in the areas of Connectivity Infrastructure and Networking that will be critical to support increasing data traffic and demands of better user experience at the edge. Commenting on the development, Mr. Sanjeev Verma, Chief Executive Officer of Black Box Limited stated, “We are thrilled to have secured this capital, which will enable us to embark on an ambitious growth trajectory and enhance our digital infrastructure offerings and drive innovation in a rapidly evolving market.” Mr. Deepak Bansal, Chief Financial Officer of Black Box Limited stated, “thankful to the existing investors for continued confidence and welcoming new investors as we embark on next phase of growth and profitability. The company remains committed to invest in the areas of growth and maintain sharp focus on operational efficiency and return on capital.” Black Box Limited is global digital infrastructure integrator delivering network and system integration services and solutions, support services and technology products to businesses in the United States, Europe, India, Asia Pacific, Middle East, Latin America and has around 4,000 professionals globally...////...