Boutonniere Hospitality Private Limited announced a private placement to issue 214,814 shares at an issue price of INR 135 per share (INR 125 premium) for the gross proceeds of INR 28,999,890 on October 19, 2023. The transaction has been approved by the shareholders of the company. The transaction will include participation from new investor Intellivate Capital Ventures Limited.


On November 6, 2023, the company announced that it will now issue 40,370 additional shares at an issue price of INR 135 per share (INR 125 premium) for the gross proceeds of INR 5,449,950. The company has raised 255,184 common shares in the transaction.