Indo Us Bio-Tech Limited announced a private placement of 416,700 shares at an issue price of INR 65 per share for gross proceeds INR 27,085,500 on March 21, 2022. The transaction will include participation from Himanshu Chinubhai Shah for 70,000 shares, Shah Nityaben Himanshu for 68,900 shares, Manisha Nitinkumar Shah for 138,900 shares and Nitin Dalpatlal Shah for 138,900 shares. The transaction was approved by the board of directors of the company.

The company will issue shares through Preferential allotment.