Microcap IT Company Plans Rs 3,200 Crore Fund Raise for AI Infrastructure and Data Centres; Shares Hit 5% Upper Circuit

Om DSIJ/ 18 Jul 2026 /Categories: Mindshare, Trending

Microcap IT Company Plans Rs 3,200 Crore Fund Raise for AI Infrastructure and Data Centres; Shares Hit 5% Upper Circuit

Omega Interactive Technologies will consider a proposal to raise up to Rs 3,200 crore through multiple fundraising routes to support AI development centres, data centres, cloud infrastructure and strategic investments.

✨ Key Takeaways

On Friday, Indian equity benchmarks ended higher, with the benchmark Nifty 50 index gaining 261.55 points, or 1.09 per cent, to close at 24,334.30. Amid the broader market rally, shares of Omega Interactive Technologies Ltd were locked in the 5 per cent Upper Circuit, rising 4.99 per cent to close at Rs 41.23 after the company announced a board meeting to consider a fundraising proposal of up to Rs 3,200 crore.

Want to Ride Fast-Moving Market Trends?

Explore DSIJ’s Momentum Pick — a research-driven service focused on fundamentally strong momentum stocks with the potential for short- to medium-term gains.

Download Free Service Brochure

Omega Interactive Technologies Board to Consider Rs 3,200 Crore Fund Raise

Omega Interactive Technologies informed the exchanges that its board of directors will meet on July 31, 2026, to consider and approve a proposal to raise up to Rs 3,200 crore, in one or more tranches. The fundraising may be undertaken through one or more permissible modes, including a Preferential Issue, Qualified Institutions Placement (QIP), Rights Issue, Private Placement, Convertible Warrants, Convertible Securities, or any other method permitted under applicable laws, subject to shareholder and regulatory approvals.

Proposed Utilisation of Funds

According to the filing, the proposed proceeds are intended to be utilised for establishing Artificial Intelligence (AI) Development Centres in Gujarat, investing in AI infrastructure, data centres, cloud computing and technology platforms, strengthening research and development, pursuing strategic acquisitions, investments and collaborations, meeting working capital requirements, and for general corporate purposes.

Other Board Agenda

The board will also consider convening an Extraordinary General Meeting (EGM) or seeking shareholders' approval through a postal ballot, if required. Additionally, it will consider the appointment of merchant Bankers, legal advisors and other intermediaries in connection with the proposed fundraising exercise.
Also Read - ICICI Prudential Flexicap Fund Completes Five Years; Rs 10 Lakh Investment Grows to Rs 19.61 Lakh

Trading Window Closure

The company said the trading window for designated persons will remain closed in accordance with the SEBI (Prohibition of Insider Trading) Regulations and will reopen 48 hours after the declaration of the board meeting outcome.

About the Company

Omega Interactive Technologies Limited is engaged in the information technology and digital solutions business. The company focuses on technology-driven services and solutions while exploring opportunities in emerging digital technologies.

The company is now proposing to expand its presence in the artificial intelligence ecosystem through investments in AI development centres, data centres, cloud computing infrastructure and related technology platforms, subject to the approval of its proposed fundraising plan.

What are your views on Omega Interactive Technologies' proposed Rs 3,200 crore fundraising plan for AI infrastructure and data centres? Share your thoughts in the comments below.