Advait Infratech Limited announced that it expects to receive INR 823.00072 million in funding from RBA Finance and Investment Company and other investors

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.