JTL Infra Limited announced a private placement of 1,33,50,000 prepaid fully convertible warrants at a price of INR 75 per warrants for gross proceeds of INR 1,001,250,000 on January 20, 2023. The transaction will involve participation from Zenith Multi Trading Dmcc for 3,361,700 warrants, Discovery Buildcon Pvt. Ltd for 1,800,000 warrants, Dream Achiever Consultancy Services Pvt Ltd for 1,800,000 warrants, Wealthologists Pvt.

Ltd for 25,000 warrants, and multiple individual investors. An amount equivalent to 25% of the warrant price shall be payable at the time of subscription and allotment of each warrant and the balance 75% will be paid at the time of allotment of equity shares pursuant to exercise of the options attached to warrant. The transaction has been approved by the board of directors of the company and subject to approval of shareholders Extra-Ordinary General Meeting.