Tierra Agrotech Limited announced a private placement of 31,000,000 equity shares at issue price of INR 30 for gross proceeds of INR 930,000,000 on April 1, 2023. The transaction will include participation from Ramprasad Kanuri , Ajay Dutt Kanuri , Nitya Kanuri , Arjun Prasad Kanuri , Naveen Bikkasani , Dilip Amritlal Mehta Dr. And Dipti Dilip Mehta , Yerramaneni Shanti, Nandita Parvathaneni , Vellanki Vuayakumari , Krishna Prasad Paladugu , Kannaihdevakar Raghav Krishna (D Raghav ,Krishna), H Srinivasulu Huf , Samata S, Swetha Hanumanthgiri , Neelima Tirumalasetty , Gireesha Tirumalasetty , Gunaranjan Challa ,Kantipudi Steels Private Limited , Manjusha Muluguru, Prasad Injam , Challa Kodandaram Chowdary ,Kambhampati Balai!, Kosaraju Sailaja ,Nallamothu Padmaja , Arun Kumar Challa, Sahithi Sri Manga Eadala , Gopi Krishna Gullapalli , Zen Securities Ltd ,Pratap Kantheti, Lekhya Entertainment Private, Lakshmi Devi Kantheti , Sambasiva Rao Dondapati , Mallikarjun Gada , Sreechandan Namineni , Smitha Polineni , Sannareddy Suresh Babu, Sudhir Koneru , Srinivasa Rao Balusu ,Karumanchi Karthika ,Vijayakameswari Vepa , Saffire Farms Llp, Damodar Kanuri ,Nishant Mohan Kanneganti, Krishna Murthy Ella , Anantroop Financial Advisory Services Private,Limited, Sandeep Meka, Challa Ajitha, and Gogineni Latha Krishna Rao. The transaction received approval from board of the company with respect to the transaction.

The transaction is subject to shareholders of the company and of such other regulatory/governmental approval.