Kintech Renewables Limited announced a private placement and securities purchase agreement to issue 2,250,000 equity shares at an issue price of INR 450 per share for the gross proceeds of INR 1,012,500,000 on July 10, 2023. The transaction will include participation from new individual investor Dhruv Gupta and 750,000 equity share to a person belonging Non-Promoter Category. The transaction has been approved by the shareholders of the company.