Supernet Limited has announced plans to raise approximately Rs915 million through an 85% right issue, subject to shareholder and regulatory approvals. The company intends to issue new ordinary shares to existing shareholders to strengthen its capital base and finance future expansion initiatives. The proceeds will primarily support business growth, technology investments and working capital requirements as Supernet continues to expand its portfolio of digital infrastructure and enterprise solutions.
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According to the company, the right issue forms part of its long-term strategy to enhance operational capabilities and capitalise on growing demand for information technology, cybersecurity, cloud computing and managed connectivity services. The additional capital will also provide greater financial flexibility to pursue new projects and strengthen its competitive position in Pakistan’s evolving ICT sector.
Supernet has established itself as a leading provider of satellite communications, cybersecurity, managed services and digital infrastructure solutions, serving government institutions, defence organisations and corporate clients. The company has continued to diversify its offerings by investing in emerging technologies and expanding its enterprise solutions portfolio.
Management stated that the proposed capital raising reflects confidence in the company’s long-term growth prospects and commitment to creating sustainable shareholder value. By strengthening its financial position, Supernet aims to accelerate innovation, improve service delivery and support digital transformation initiatives across multiple industries.
Industry experts believe the successful completion of the right issue will enable the company to capitalise on increasing demand for secure digital infrastructure while reinforcing its position within Pakistan’s growing technology sector.
