Tera Software to Consider Preferential Share Allotment for Fund Raising

Tera Software Limited has announced that its Board of Directors will meet on February 11, 2025, to consider fund raising through preferential allotment of shares. The company, which operates in the IT software and e-governance sector, currently has a market capitalization of ₹325.31 crore. This move comes as Tera Software looks to strengthen its position in government IT projects, particularly after receiving revised work orders worth ₹5,104 crore for the BharatNet Project's middle mile network Phase-3 in Himachal Pradesh, West Bengal, and Andaman & Nicobar regions.

Source: Tera Software Ltd BSE Filing, February 6, 2025