Phinergy Ltd. announced the closing of private placement of 14,800,000 shares at an issue price of $1.68918 for gross proceeds of $25,000,000 on February 14, 2024. The transaction included participation from Indian Oil Corporation for 14,800,000 shares in two tranches, this brings Indian Oil's holding in the company to 17%.
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- Phinergy Ltd. announced that it has received $24.999997 million in funding from Indian Oil Corporation Limited