Sequel e-Routers Ltd. (BSE:521238) announced that it will receive INR 100,000,000 in funding through preferential allotment on January 17, 2014. On the same date, the board of directors of the company approved the transaction.

On March 6, 2014, the company announced that it has amended the terms of the transaction. The company will now receive INR 200,000,000 in the transaction. The company expects to receive approval for the transaction at its Extra Ordinary General Meeting to be held on April 1, 2014.