Ambo Agritec Limited announced a private placement to issue 15,000,000 convertible warrants at an issuer price of INR 7.5 per warrant for the gross proceeds of INR 112,500,000 on May 9, 2024. The transaction will include participation from individual investors Umesh Kumar Agarwal, Ravi Ashok Kothari, Garima Suhas Khabiya, Joy Banerjee, Kalidas Vijay Magar, Rajesh Tripathi, Dilip Keshrimal Sanklecha, Ashok Dilipkumar Jain, Amit Ramanlal Lodha, Pushpa Bhaju, Santa Ghosh, Venumuddala Vivek Reddy HUF, Bibi Hajira, Preetam Bhat S, Rakesh Sethia and Rosy Sethia. The transaction has been approved by the shareholders of the company and is subject to general shareholders to be held on June 3, 2024.