Maitri Enterprises Limited announced a private placement of 25,00,000 equity shares of INR 10.80 for a gross proceeds of INR 27,000,000 on October 13, 2021. The transaction will include participation from promoter and promoter group including L. Jaikishan Rameshlal Ambwani, Rameshlal Bulchand Ambwani, Chanderlal Bulchand Ambwani, Kailash Rameshlal Ambwani, Deepak Rameshlal Ambwani, Kusum Kailash Ambwani and Deepa Deepak Ambwani, on preferential basis under the terms of Securities and Exchange Board of India. The transaction is subject to approval of the shareholders of the company and other necessary approvals.