Tanvi Foods (India) Limited announced a private placement of 4,076,000 common shares at a price of INR 10 per share for the gross proceeds of INR 40,760,000 and 1,374,000 equity share warrants on May 12, 2023. The transaction will include participation from new investors Shreeji Capital And Finance Limited for 400,000 shares, Lekhya Entertainment Pvt Ltd for 100,000 shares, Rich 'N' Rich Finance & Holdings Ltd for 300,000 warrants, Sainaren Properties Private Limited for 320,000 warrants and Tradewell Finvest Private Limited for 24,000 shares and individual investors Darshan P Desai HUF for 400,000 shares, Vaibhav Rajendra Doshi (HUF) for 242,000 shares, Ashok Kumar Gupta for 510,000 shares, Geeta Gupta for 520,000 shares, Prithvi Reddy Anantapur Gugila for 62,000 shares, Yarlagadda Siva Krishna for 200,000 shares, Jeevan Krishna Kuchipudi for 50,000 shares, Krishna Kishore Kuchipudi for 50,000 shares, K Vanaja for 50,000 shares, Mothukuri Snigdh for 50,000 shares, Sanivarapu Navya Reddy for 26,000 shares, Sreenivasulu Devarasetty for 26,000 shares, Jonnala Sudhakar for 26,000 shares, Namineni Chandra Mouli for 24,000 shares, K Ravindranath for 16,000 shares, Prakash Chand Kothari for 24,000 shares, Salim Punjani for 26,000 shares, Chereddi Ramachandra Naidu for 100,000 shares, Vankineni Pruthvi Krishna for 100,000 shares, Sravan Kumar Kotha for 100,000 shares, Naresh Babu R for 50,000 shares, Srinivasa Rao Paturi for 570,000 shares, Srivalli Padmanabhan for 230,000 shares, Tondapu Venkata Appa Rao for 100,000 shares, Kesara Charita for 374,000 warrants, Sonal Dhiren Shethia for 100,000 warrants, Meena Jain for 180,000 warrants, Suraj Sankhala for 100,000 warrants and Vasavi Adusumilli for 1,400,000 shares. The transaction has been approved by the board of directors of the company. The transaction is subject to shareholders approval.

On June 14, 2023, the company announced that the transaction is subject to approval from extra ordinary general meeting of the company.