SAR Televenture raises ₹208.46 crore via preferential warrants

SAR Televenture has raised ₹208.46 crore through a preferential issue of warrants to support expansion, working capital, and capex needs across its telecom infrastructure business.​

SAR Televenture has mobilised ₹208.46 crore by issuing preferential warrants to a group of marquee investors, including a fund backed by market veteran Madhusudan Kela, its promoter group and other strategic investors. The company plans to deploy the proceeds towards strengthening working capital, funding capex for itself and its subsidiaries, and accelerating expansion in telecom infrastructure services, including towers, fibre and broadband networks. Management expects the enhanced balance sheet and growth capital to improve execution capability for large projects and position the company to capture rising demand from 4G and 5G roll-outs across key markets.

CT Bureau