DMR Hydroengineering & Infrastructures Limited announced a private placement of 120,000 common shares on July 25, 2023. The transaction will include participation from individual investors Subhash Chander Mittal, Neelam Mittal, Divay Mittal, Deepika Mittal, Bangam Prasad Rao, Surajit Dutta, Rachana Agrawal, Akhilesh Kumar, Krishan Kumar Gupta, Sham Lal Kapil, Naveen Kumar Jain, Budankailabadri Narayan Subudhi, Bharat Bhushan Nagpal, Janesh Sahni and Dahyalal Bansilal Prajapati. The transaction has been approved by the board of directors of the company and is subject to the approval of the shareholders of the company and such regulatory/statutory approvals as may be required in this regard.

The shares will be issued on preferential basis.