Dilip Buildcon Limited announced a private placement of 76,246,08 equity share warrants at a price of INR 82.0125 per warrant for gross proceeds of INR 625,313,163.6 on December 7, 2023. The warrants will be convertible into one common share of the company at INR 246.0375 per share and will mature in 18 months from the date of the allotment. The company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months.

The transaction has been approved by the board of directors of the company.