Empower India Limited announced a private placement to issue up to 360,000,000 convertible equity warrants at a price of INR 0.625 per warrant for the aggregate gross proceeds of INR 225,000,000 on February 9, 2024. Each warrant shall be convertible into one fully paid-up equity shares at an exercise price of INR 1.875 per share. The transaction has been approved by the board of directors of the company.