Vms Tmt Private Limited announced that it will issue 2,11,000 common shares at a price of INR 230 per share for gross proceeds of INR 48,530,000 on June 17, 2024. The transaction include the participation from new investor Kamdhenu Limited, hold 1.56% stake in the company. The transaction is expected to close on June 30, 2024.

The transaction has been approved at the board of Directors of the company.