K&R Rail Engineering Limited announced that it expects to receive INR 22.17459 million in funding from Asma Estates And Investments Private Limited, Zainab Investments Private Limited, Gasmin Constructions Private Limited, Gomoti Constructions Private Limited and other investors

K&R Rail Engineering Limited announced a private placement of 2,217,459 at a price of INR 10 per share for the gross proceeds of INR 22,174,590 on October 3, 2023. The transaction will include participation from returning investors, Asma Estates And Investments Private Limited for 300,000 shares, Zainab Investments Private Limited for 300,000 shares, Gasmin Constructions Private Limited for 370,840 shares, Gomoti Constructions Private Limited for 365,800 shares, individual investors, Ajaz Farooqi for 300,000 shares, Asma Farooqi for 300,000 shares, Rachana Samir Damani for 131,844 shares, Raghava Rao Nandanavanam for 148,975 shares.