India Tindivanam Footwear Company Limited announced that it will receive INR 3,500 million in an equity round of funding on November 12, 2021. The transaction will include participation from returning investors Feng Tay Enterprises Co., Ltd. for INR 3,080 million and another Indian shareholder for INR 420 million to retain their share holdings of 88% and 12% in the company, respectively. The transaction has been approved by the board of directors of Feng Tay Enterprises Co., Ltd. The company will receive funding in stages according to the capital needs of the company.