Hiliks Technologies Limited announced that it expects to receive INR 18.42 million in funding from Enact Technologies Private Limited

Hiliks Technologies Limited announced a private placement of 921,000 common shares at a price of INR 20 per share for the gross proceeds of INR 18,420,000 on September 7, 2023. The shares will be issued on preferential basis. The transaction will include participation from returning investor, Enact Technologies Private Limited for 500,000 shares, new individual investors, Bhupathiraju Sudha Rani for 121,000 shares, Lakkineni Madhavi Laths for 100,000 shares, Pooja Bansal for 100,000 shares, Rama Krishnam Raju M for 100,000 shares.

The transaction has been approved by the shareholder's of the company.