Sar Televenture Shares See Significant Jump
Sar Televenture, a leading telecom infrastructure company, saw its stock price rise by 4.08% to ₹229.45 per share on Monday. This increase came after the company announced the date for its upcoming Extraordinary General Meeting (EGM), which is scheduled to take place on January 3, 2026.
Recent Performance
In the last month, Sar Televenture's share price has delivered a solid return of 37.28%. However, over the past year, the stock has declined by 21.25%. Despite this, the company's recent fundraise of ₹208.46 crore via a preferential allotment of convertible warrants has underscored its growth and expansion plans.
Indian Market Trends
On Monday, Indian indices, including the Sensex and Nifty, opened on a subdued note, weighed down by continued foreign investor outflows and uncertainty surrounding a possible US trade agreement. The S&P BSE Sensex declined by over 350 points, while the NSE Nifty 50 dropped by more than 100 points.
Extraordinary General Meeting Details
During the EGM, the company will discuss the issuance of 1,00,70,500 warrants, which are convertible into equity shares, to promoter and non-promoter categories on a preferential basis. These warrants were issued at a price of ₹207 each, translating into a total allotment of ₹208.46 crore.
Fundraise and Expansion Plans
The recent fundraise has drawn strong interest from prominent institutional investors, including the Founder Collective Fund and Choice Strategic Advisors LLP. The company plans to use the fresh capital to bolster its working capital, fund capital expenditure, and fast-track expansion plans in its telecom and digital infrastructure operations.
Financial Performance
Sar Televenture has delivered a robust financial performance, with revenue of ₹349.93 crore and a profit after tax of ₹46.90 crore in FY25. The company's strong momentum has continued into the first half of FY26, with revenue increasing to ₹241.76 crore and PAT climbing to ₹36.26 crore.
Key Takeaways:
- Sar Televenture's stock price rose by 4.08% after announcing its EGM.
- The company raised ₹208.46 crore via a preferential allotment of convertible warrants.
- Sar Televenture plans to use the fresh capital to expand its telecom and digital infrastructure operations.
Please consult with an investment advisor before making any investment decisions.