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.