Black Box Ltd News
Black Box raises ₹386 cr via warrant conversion, promoters invest ₹200 cr
Digital infrastructure solutions provider Black Box, an Essar Group firm, on Monday said it has raised Rs 386.36 crore through the conversion of warrants into equity shares, with promoters contributing Rs 200 crore to the total infusion. The company converted over 92.65 lakh warrants at an issue price of Rs 417 per share, according to a regulatory filing. "Black Box Limited today announced the successful receipt of Rs 386.36 crore pursuant to the conversion of warrants issued on September 27, 2024All warrant holders have exercised their rights in full, with no forfeiture or withdrawal. "Promoters participated meaningfully in the issue, contributing Rs 200 crore, representing 51.76 per cent of the total infusion," the filing said. Following the conversion, the promoter shareholding in the company has increased to 69.99 per cent. Black Box CEO Sanjeev Verma said the capital infusion strengthens the company's balance sheet and provides flexibility to accelerate its growth agenda, sca
 "Black Box raises ₹386 cr via warrant conversion, promoters invest ₹200 cr")
IT firm Black Box targets 15% annual growth, aims for $2 bn revenue by FY29
IT company Black Box expects 15 per cent year-on-year growth for the next four years as it eyes to cross the USD 2 billion revenue mark by fiscal year 2029, a senior company official said. Black Box President and CEO Sanjeev Verma told PTI that the company expects that its planned acquisition may add up to USD 750 million in incremental revenues. "With a quarterly order book averaging USD 500 million, the company anticipates closing the fiscal year with a backlog 30-40 per cent higher than last year, providing strong forward visibility," Verma said. The company had posted revenue of Rs 1,387 crore, about USD 160 million, in the first quarter ended June 30, 2025. "For FY'26, we are guiding revenues in the range of Rs 6,750-7,000 crore. This outlook reflects the momentum in our core business and the steps we are taking to build a stronger foundation for sustained growth," Verma said. The BSE-listed digital infrastructure solutions provider and part of the Essar Group has unveiled an
 "IT firm Black Box targets 15% annual growth, aims for $2 bn revenue by FY29")
Black Box eyes $700 mn additional revenues via acquisitions in 3-4 years
The Essar group company is setting up a dedicated mergers and acquisitions (M&A) team to identify targets so that it can expand digital infrastructure capabilities and geographic reach
Black Box shares hit 5% upper circuit on partnering with Wind River
The demand on the counter came after the company announced a global strategic partnership with Wind River, an Aptiv company
 "Black Box shares hit 5% upper circuit on partnering with Wind River")