Jet Infraventure Limited announced that it will issue 903,000 non-convertible redeemable cumulative preference shares at a price of INR 325 per share for gross proceeds of INR 293,475,000 on March 9, 2023. The transaction will include participation from new investor Mdi Global India Private Limited. The company will pay cumulative 12% dividend on preferred shares.

The company will issue the preferred shares in one or more tranches. The transaction has been approved by the board of directors of the company. The transaction is subject to approval of the shareholders of the company.

The company will issue the securities on a preferential basis.