India's E2E Networks gains on $105 million AI cloud deal
BUZZ-India's E2E Networks gains on $105 million AI cloud deal ** Artificial intelligence and cloud infrastructure company E2E Networks's shares EENE.NS rise as much as 5% to 649.65 rupees apiece; last up about 2%
** Uptick after EENE signs a binding term sheet with a domestic sovereign AI company for Nvidia Blackwell cloud graphics processing units (GPU) and allied services
** Arrangement carries an aggregate contract value of 10 billion rupees ($105.41 million) and continues through June 2029, says EENE
** "The engagement provides greater revenue visibility over a multi-year horizon," says Nitin Jain, chief financial officer of EENE
** EENE shares have jumped more than 3x in 2026 so far, according to exchange data
($1 = 94.8650 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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