Anant Raj Limited announced a private placement of common shares for gross proceeds of INR 250,000,000; and fully convertible warrants for gross proceeds of INR 500,000,000; for aggregate gross proceeds of INR 750,000,000 on December 14, 2023. The warrants are convertible into common shares of INR 2 each within a maximum period of 18 months from the date of allotment of such warrants. The transaction has been approved by the board of directors of the company.

The transaction will include participation from Shri Ashok Sarin Anant Raj LLP for warrants and Gagandeep Credit Capital Private Limited for common shares.