Confidence Petroleum India Limited announced a private placement to issue 20000000 warrants at a price of INR 63.50 per warrant on December 29, 2022. Each warrant is convertible into one (1) equity share and the conversion can be exercised at any time during the period of 18 months from the date of allotment of warrants on such other terms and conditions as applicable. The transaction has been approved by the board of directors of the company