Ashnisha Industries Limited announced that it has received INR 108.723529 million in funding from Aalps Commodities Llp, TIW Systems Private Limited

On September 15, 2022, Ashnisha Industries Limited closed the transaction. The company has issued 68,812,360 equity shares at a price of INR 1.58 for gross proceeds of INR 108,723,529. The transaction included participation from Shalin Ashok Shah for 8,500,000 shares, Ashok Chinubhai Shah for 7,500,000 shares, TIW Systems Pvt.

Ltd for 15,000,000 shares, Babubhai G Vankar for 8,377,000 shares, Kokilaben B Vankar for 8,377,000 shares, Vimlaben Vishnubhai Chauhan for 7,189,360 shares, Tapan Sureshsinhji Desai HUF for 6,934,500 shares and Aalps Commodities LLP for 6,934,500 shares.