Avishkar Infra Realty Limited announced a private placement to issue 20,000,000 common shares at an issue price of INR 10 per share for the gross proceeds of INR 200,000,000 on May 6, 2024. The transaction will include particiaption from new ijestor sPoojan Keyurbhai Mehta 2,000,000 shares, Prit Keyurbhai Mehta 2,000,000 shares, Kapil Jeetendra Kothari 2,000,000 shares, Kenilworth consultancy services LLP 1,500,000 shares, Niraj Sanghvi 1,500,000 shares, Naysha Niraj Sanghvi Niraj Sanghvi - Guardian 1,500,000 shares, Nishra Niraj Sanghvi Niraj Sanghvi - Guardian 1,500,000 shares, Manchhaben R. Shah 600,000 shares, Himali Atul Shah 600,000 shares, Meena Nalin Shah 600,000 shares, Mansi Nalim Shah 600,000 shares, Khushboo Atul Shah 600,000 shares, Nishita Harsh Shah 600,000 shares, Dhruvi Nalin Shah 600,000 shares, Ramaniklal Kunvarji Shah(HUF) 600,000 shares, Atul Ramaniklal Shah(HUF) 600,000 shares, Nalin Ramniklal Shah(HUF) 600,000 shares and Nirzari Kunal Mehta 2,000,000 shares. The transaction has been approved by the shareholders and also approval from Bombay Stock Exchange (BSE) and Metropolitan Stock Exchange of India Limited.