Advait Infratech Limited expects to receive INR 823 crore in funding to support its growth and expansion plans, enhancing its financial capabilities and strategic initiatives.

Advait Infratech Limited announced a private placement of 592,940 equity shares of face value of INR 10 each at a price of INR 1,388 per share for gross proceeds INR 823,000,720 on May 30, 2024. The transaction includes participation from Ashish Rameshchandra Kacholia, Ashish Rathi, Abhijit Nripen Kumar Mukharjee and RBA Finance & Investment Co. The transaction is subject to approval of shareholders and was approved by board of directors.

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