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InCred Capital (InCred Capital Financial Services Limited), the institutional arm of InCred Group, today announced the successful closure of a targeted Qualified Institutional Placement (QIP) for E2E Networks, India’s premier MeitY-associated “Sovereign Hyperscaler” and an elite NVIDIA AI Cloud Partner.

The transaction comes at a time when India’s role in the global digital economy is expanding rapidly. While the country contributes nearly 20% of global data generation, it accounts for less than 2% of global compute power—highlighting a significant opportunity for AI infrastructure providers. Positioned at the center of this opportunity is E2E Networks, India’s only listed homegrown cloud service provider competing with global hyperscalers such as AWS, Azure, and Google Cloud.

As artificial intelligence adoption accelerates, demand for powerful GPU-driven computing and cloud platforms that can efficiently manage AI workloads is rising sharply. E2E Networks is addressing this need by building an AI-first cloud platform designed to power the infrastructure behind the AI revolution.

In this context, the QIP marks a strategic transition in E2E Networks’ shareholder base, bringing in high-quality institutional investors who recognize the long-term potential of AI compute and AI-driven cloud infrastructure.

Prateek Indwar, Managing Director & Head of Equity Capital Markets, InCred Capital, said, “India's AI infrastructure buildout is accelerating, and E2E Networks sits at its core. Closing this QIP with quality institutional participation, despite challenging market conditions, reflects the depth of conviction around sovereign compute as an emerging asset class. Sophisticated capital is gravitating toward platforms that will define the next decade of digital infrastructure, and E2E's NVIDIA partnership makes it a rare, high-conviction listed opportunity—the market's response validated exactly that.”

The transaction was executed despite challenging market conditions, including elevated volatility, a spike in India VIX, and continued FII outflows. Even in this environment, the issue saw strong demand and was oversubscribed. Through a focused book-building process, InCred Capital secured a tight discount to the prevailing market price despite broader volatility in technology stocks, helping protect the company’s equity value while bringing in a strong mix of domestic institutional investors (DIIs) and foreign institutional investors (FIIs).