E2E Networks shares surge 5% to hit all-time high as L&T acquires 21% stake worth Rs 1,000 crore

E2E Networks shares rise nearly 5% as L&T announces plan to acquire 21% stake worth over Rs 1,000 crore

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26 Aug, 2025 12:21

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E2E Networks share price rose 5 percent on November 5 after the Larsen & Toubro (L&T) announced its plan to acquire 21 percent stake in the company worth over Rs 1,000 crore.

E2E Networks specialises in providing CPU & GPU-based cloud computing platforms. The acquisition of stake is expected to be completed by December 31.

E2E Networks stock hit the fresh all-time high in Tuesday's trading session to quote at Rs 4,977.50 apiece on the NSE, rising 5 percent, while L&T share price was trading under selling pressure to quote at Rs 3,561.90 per share on the NSE, down 0.35 percent.y

"The investment will take place via preferential allotment for 15% stake in E2E Networks, comprising of 29,79,579 Equity Shares of E2E Networks, for Rs. 1,079.27 Crore at Rs. 3,622.25/share. Investment via secondary acquisition of 6% stake, comprising of 11,91,831 Equity Shares in E2E Networks from the founder for Rs. 327.75 Crore at Rs. 2,750/share," the company said in an exchange filing.

E2E Networks operates as an Infrastructure Cloud and AI/ML/GenAI Cloud Platform, offering GPU-as-a-Service solutions tailored for mid-sized enterprises, startups, research institutions like IITs and IIITs, and fintech firms across 10 countries. Serving over 3,000 active clients, E2E Networks is the first company in India to offer both NVIDIA H100 and H200 GPUs as service on their public cloud.

The company also formed strategic alliances with major OEMs, including NVIDIA, Intel, AMD, HPE, Microsoft, and Dell.

In 2024 so far, the company has delivered over 620 percent returns.

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