AVI Products India Limited announced a private placement of 722,230 common shares at a price of INR 31 per share for gross proceeds of INR 22,389,130 on September 29, 2023. The shares will be issued on a preferential basis. The transaction has been approved by the board of directors of the company.

The transaction will include participation from returning investors Avinash Dhirajlal Vora for 40,000 shares, Daksha Avinash Vora for 25,000 shares, Vikram Avinash Vora for 50,000 shares, Parth Avinash Vora for 50,000 shares, Renu Parag Shah for 40,000 shares, Rahul Manakchand Jain for 10,000 shares, Himanshu Oza for 15,000 shares, Joshi Viraaj Pradeep for 20,000 shares; new investors Darshan Ratra for 10,000 shares, Aashutosh Sharma for 16,130 shares, Chirag Pravin Gada for 10,000 shares, Hemali Hemal Chitalia for 10,000 shares, Tapan Haresh Sanghavi for 5,000 shares, Mahesh Kantilal Shavdia for 20,000 shares, Nayana Pramod Goradia for 100,000 shares, Yash Mukesh Gandhi for 36,000 shares, Jitin Jaysukh Doshi for 10,000 shares, Yashika Jitin Doshi for 10,000 shares, Pradnya Ashok Gite for 12,900 shares, Ashish Kapur for 10,000 shares, Meet Sandeep Jangla for 20,000 shares, Kirti Kumar Mehta for 10,000 shares, Darshana Ranjay Patil for 3,600 shares, Mayuresh Ranjay Patil for 3,600 shares, Shilpa Sunil Shah for 10,000 shares, Pratim Vishal Raut for 5,000 shares, Meena Mukesh Parekh for 10,000 shares, Pankaj Kantilal Vora for 150,000 shares, Chirag Babulal Shah for 10,000 shares.