Asti India Private Limited announced that it expects to receive INR 347 million in funding from Asti Corporation
Asti India Private Limited announced that it will receive INR 347 million in funding from existing investor Asti Corporation (TSE:6899) on October 9, 2017. The company’s registered capital will increase from INR 3 million to INR 350 million. Pursuant to the transaction, the investor’s stake in the company will increase from 99.6% to 99.9% stake. The transaction is expected to be completed until the end of November 2017. The transaction has been approved by board of directors of the investor.