Shree Salasar Investments Limited announced that it will issue up to 500,000 common shares at an issue price of INR 100 per share of INR 50,000,000 on November 24, 2022. The transaction will include participation from Niharika Bhavesh Zaveri. The company will issue common shares in one or more tranches.

The transaction is subject to the approval of shareholders and in accordance with the provisions of the Securities and Exchange Board of India. The transaction was approved by the board of directors of the company. The transaction is subjected to approval of Extra-Ordinary General Meeting of the Company on Saturday, 24th December 2022.

The shares are issued at a face value of INR 10 per share. The shares are issued under preferential allotment basis.