Kamdhenu Ventures Limited announced a private placement of up to 4,500,000 shares at an issue price of INR 145 per share for proceeds of INR 652,500,000 on March 10, 2023. The transaction will include participation from new investors Aidos India Fund Ltd, Ebene Global Opportunity Fund and Minerva Emerging Opportunities Fund Limited for 1,500,000 shares each. The company will receive funding through Preferential Issue.

The transaction was approved by the board of directors of the company and subject to board of directors of the company at its Extra General meeting to be held on April 6, 2023.