Net4India debuts on NSE

Net 4 India Ltd. ,India’s leading Network and Applications Services provider, has made its debut on the NSE(National Stock Exchange). The company is already listed on BSE (Symbol: NET4INDIA) and the equity shares of the Company are now listed and admitted for trading on the National Stock Exchange(Symbol: NET4INDIA & Scrip Code 20784) w.e.f Friday, December 10, 2010.

Commenting on the NSE Listing, Jasjit Sawhney, Chairman and Managing Director, Net4 India Ltd. said, “ We are excited about our NSE listing and see this as an significant milestone towards achieving the overall long term plans of the company. This listing will provide a wider trading platform for our equity shares and enable a much larger number of investors to benefit from the growth prospects of the company.”

Net 4 India Ltd achieved a consolidated Sales turnover of Rs 195.14 cr and a Net Profit of Rs. 11.50 cr in FY2009-10. In the half year ended 30th September, 2010 the company achieved Sales of Rs. 126.38 cr and Net Profit of Rs. 8.78 cr, which was a growth of 50% and 75% over the corresponding period in FY 2009-10.

The Company has raised an aggregate of Rs. 30.9 Cr since December 2009 from leading Private Equity players, in order to fund the Company’s investment plans of Rs. 70 Cr over the next three years. Madison India Capital, Granite Hill India Opportunities Fund and QS India Hosting have invested Rs. 14.9 Cr, Rs. 8 cr and another Rs. 8 Cr acquiring 8.46 % , 4.57% and 3.46% stake in the company respectively.