(PTI) Salasar Techno Engineering on Wednesday said its board has approved a proposal to raise around ₹82 crore through issuance of equity shares to qualified institutional buyers.
The proposal was approved by the fund raising committee of the company's board at its meeting held on Tuesday, Salasar Techno Engineering said in a statement.
"The fund raising committee...has approved the issuance and allotment of 3,00,00,000 equity shares to qualified institutional buyers in present tranche at the issue price of ₹27.30 per equity share (including a premium of ₹26.30 per equity share), aggregating to ₹81,90,00,000," it said.
There are four foreign portfolio investors (FPIs) who have been allotted the equity shares offered in the issue, it said.
The company said out of 3 crore shares, Forbes EMF will be allotted 45 per cent, Nomura Singapore 42 per cent, Maybank Securities PTE LTD 8 per cent and A G Dynamic Funds 5 per cent.
New Delhi-based Salasar Techno Engineering carries out engineering, designing, procurement, fabrication and galvanisation work for telecom players.
*** Ayekart raises USD 5.5 million * Agri fintech Ayekart has raised USD 5.5 million (about ₹43.9 crore) through a combination of equity from Caspian Debt and Siply to expand its presence in the segment.
This is the second round of capital infusion for the platform, which launched its commercial services a year ago. Earlier, it garnered around ₹5.5 crore in an angel round, the company said.
The company is also looking to tap into the export market by the third quarter of of 2022.
Ayekart helps the traditional businesses and the agri-value chain through finance, tech, and supply chain management.
The funds will be utilised to serve the burgeoning business needs of traditional businesses in the food and agri-sector; by providing them financial and technological assistance and eventually enhance their growth prospects, it said.
The company also said it has onboarded over 10,000 MSMEs/ retailers and carried out transactions worth over ₹130 crore in FY22.
Currently, Ayekart hosts operations in 13 states across India. *** Metaverse startup XR Central raises USD 250,000 * Metaverse startup XR Central on Wednesday said it has raised USD 2,50,000 (about ₹199 lakh) in a funding round.
The seed funding round was led by a group of angel investors, including fashion designer Tarun Tahiliani, Netprophets Cyberworks founder and CEO Amitabh Vira and Adani Group Consumer Business SVP and chief digital officer Nitin Sethi.
The funds will be used for the company's vision of its 'Do-it-Yourself' metaverse building platform - MetaQube, and accelerate the product development as well as expand its global footprint, XR Central said in a statement.
"The funds come at a crucial stage for us as we look at expanding into new regions and adding more dynamic and talented folks to the team," XR Central Founder and Director Anshul Agarwal said.