Solarcraft Power India 23 Private Limited announced a private placement on June 8, 2024. The company issued 103,000 equity shares for gross proceeds of INR 103.1 million and 843,700,000 compulsory convertible debentures for gross proceeds of INR 84.3 million. The transaction include participation from new investor Dalmia Bharat Limited and has acquired 26%stake in the company.

The company will receive investment in multiple tranches.