Justride Enterprises Limited announced a private placement of 13,650,000 warrants at an issue price of INR 2.5 per warrant for the gross proceeds of INR 34,125,000 on August 24, 2023. Each warrant shall be convertible into one equity share per warrant at an exercise price of INR 7.5 per share. The transaction will include participation from individual investors, Sukriti Garg for 5,395,000 warrants, Seema Garg for 755,000 warrants, Mukesh Mittal for 9,00,000 warrants, Nirmal Aggarwal for 900,000 warrants, Urvashi Mittal for 700,000 warrants, Aarti Mittal for 800,000 warrants, Babita Mittal for 900,000 warrants, Renu Mittal for 900,000 warrants, Renu Aggarwal for 900,000 warrants, Vishal Garg for 500,000 warrants, Sneha Garg for 1,000,000 warrants.

The transaction has been approved by the shareholders of the company.