Milestone Furniture Limited announced a private placement that it will issue up to 30,600,000 equity shares of face value of INR 10 each at an issue price of INR 10 per share for the gross proceeds of INR 306,000,000 on June 13, 2024. The transaction will include participation from new investors such as Scinox Fintech Limited for 9,000,000 for INR 90,000,000; Shree Ganesh Enterprises of 7,500,000 shares for INR 75,000,000; Dhanlaxmi & Company for 8,100,000 shares for INR 81,000,000 and Padmavati Traders for 6,000,000 shares for INR 60,000,000. The transaction has been approved by the board of directors of the company.