Arrow Greentech Limited announced that a private placement of up to 1,000,000 shares at an issue price of INR 108 per share for proceeds of INR 108,000,000 on October 17, 2022. The transaction will include participation from Mr. Shilpan Patel for 440,000 shares, Mr. Ajay Parikh for 500,000 shares and Mr. Haresh Mehta for 60,000 shares. The company will receive funding through preferential issue.

The transaction was approved by the board of directors of the company and subject to necessary approval of the members of the Company and other regulatory authorities, as maybe applicable.