Eco Hotels and Resorts Limited announced a private placement of 20,167,082 common shares at a price of INR 37.35 for the gross proceeds of INR 753,240,513 on May 25, 2024. The transaction will include participation from new investors, Modulex Modular Building Private Limited for 2,299,999 shares, Founders Collective Fund for 12,50,000 shares, Hardik Mahendrabhai Shah for 12,00,000 shares, Bhavin Yashodhan Mehta for 10,00,000 shares, Aditya Anil Gaggar for 8,33,249 shares, Anirudh Anil Gaggar for 8,33,249 shares, Lenus Finvest Private Limited for 8,00,000 shares, Navarathnmal Anil Kumar for 6,00,000 shares , Bhavesh Dhirajlal Tanna 5,50,000, Nupur Vinod Kumar Tripathi 4,16,665, Navneet Overseas Private Limited 4,16,500, Weedo Ventures Private Limited 4,16,500 13. Kiran Vinod Kumar Tripathi 4,14,999, Aniruddha Sharma 4,14,999, Sangeeta Parag Mehta 4,14,999, Ashish Chugh HUF 4,00,000, Mahendra G Wadhwani 4,00,000, Deepshikha Arora 4,00,000, Nayarana Venkataram Babu 3,00,000, Sachin Hanuman Prasad Maloo HUF 3,00,000, Renu Mahesh Kumar Soni 2,99,999, Rekha Jain 2,74,000, Kishor Ostwal 2,00,000, Ayush Rajesh Kothari HUF for 2,00,000 shares, Adusumilli Sai Raghava Pratap for 2,00,000 shares, Gudivaka Navajyothi for 2,00,000 shares, Kavuturu Venkata Siva Kumar Chowdary for 2,00,000 shares, Vijaykumar Pahwa 2,00,000, Somisetty Sai Rakshith Gupta 2,00,000, Sarita Sanjay Maloo 2,00,000 shares, Vijay Pandurang Bhosle for 1,25,000 shares, Malti Hariprasad Singh 1,25,000, Subhash Bhosle HUF 1,25,000 shares, Sheetal Bhavin Thakkar 1,00,000, Anupam D Dighe HUF 1,00,000, Konuthula Sharadanandu 1,00,000, Vedaprakash Maduri 1,00,000, Dr. Raja Sekhar Gajulapalle 1,00,000, Bharathi Giddaluru 1,00,000, Nirej V. Paul 1,00,000, Jaya Paul 1,00,000 Adhish Nirej Paul 1,00,000, D Naveen Kumar Reddy 1,00,000, LGV Prasad 1,00,000, Eureka Commodity Brokerage Private Limited 1,00,000, Bandana Sangai 1,00,000, Vineeta Jain 1,00,000, Tanmoy Patra 1,00,000, Mahesh Kumar Soni 1,00,000, Chitti Prashant Kumar Reddy 1,00,000, Veeramreddy Vijay Kumar Reddy 1,00,000, Jeevitha Veeramreddy 1,00,000, Shobhit Jain 1,00,000, Jagdish Prasad Choudhary 1,00,000, Smitha Polineni 1,00,000, Wolf Masters Private Limited 1,00,000, Somisetty Sai Vasavi Harsha Vardhan Gupta 1,00,000, Ensha Chhabra 1,00,000, Iccha Manghnani 1,00,000, Shilpa Chopra 1,00,000, Sachin Jasuja 1,00,000, Praveen Kumar Rathi 1,00,000, Ranu Maniyar 1,00,000, Kantadevi Samdaria 1,00,000, Pallavi Dhoot 1,00,000, Pramila Kishore 1,00,000, Navreet Singh Sehgal 1,00,000, Vanpal Umesh Yashwant 1,00,000, Reetica Sawhney 1,00,000, Sanchita Ralhan 1,00,000 shares, Gudiya Babulal Jain 99,999, Shakuntala Devi & Bhagwan Prasad Khandelwal 50,000 shares, Rajeswaramma Yadagiri 50,000 shares, S Ranga Prasad 40,000 shares, Minaxi Zaveri 12,500 shares, Chinna Kotla Venkataramana 4,425 shares.

The transaction has been approved by the shareholders of the company.