Sunita Tools Limited announced that it has received INR 213.024825 million in funding from Niagra Growth Private Limited, Aarson Investment, Ten Eighty Investments, M/s Wow Investments

On July 4, 2024, Sunita Tools Limited closed the transaction. The company issued 485,000 Equity Shares of face value of INR 10 each at an issue price of INR 325 per share for the gross proceeds of INR 157,625,000 and 1,70,461 Warrants convertible into equity shares at an issue price of INR 325 per share for the gross proceeds of INR 55,399,825 for the aggregate gross proceeds of INR 213,024,825. The transaction has been approved by the board of directors of the company.