FPEL Services Private Limited has entered into share subscription and shareholders agreement, to receive INR 228,690,000 in funding on June 10, 2026. The transaction included participation from new investors, UltraTech Cement Limited and The India Cements Limited. UltraTech Cement Limited's investment is INR 120,890,000 for 13.99% equity stake in the company and The India Cements Limited's investment is INR 107,800,000 for 12.48% equity stake in the company.

The company will issue common shares. The transaction is expected to close within 180 days. The company is valued at INR 863,959,199 post money.