Ace Infoway Pvt. Ltd announced that it will issue 1,20,000 equity shares at a price INR 1,075 for gross proceeds for INR 12,90,00,000 on June 5, 2024. The transaction will include participation from returning investor Ace Software Exports Limited for 60% stakes in the company.

The transaction is subject to the approval of the shareholders and other regulatory approvals. The transaction has been approved by the board of directors of the company.