Chemtech Industrial Valves Limited has announced a private placement of 2,300,000 Equity Shares at a price of ₹ 200 for gross proceeds ₹ 460,000,000 and 750,000 Convertible Warrants at a price of ₹ 50 for gross proceeds ₹ 37,500,000, together for aggregate proceeds ₹ 497,500,000 during the second week of August 2024.
The transaction includes participation from Taurus Infrastructure Fund, Primus Teq Power Private Limited, Rozad Tech (India) Private Limited, Capri Global Holdings Private Limited, Devansh Trademart LLP and other individual investors. The transaction was approved by the board of directors.
