Anubhav Infrastructure Limited announced a private placement of 30,000,000 warrants at issue price of INR 3.75 per warrant for gross proceeds of INR 112,500,000 on March 21, 2023. The warrants are going to be fully convertible into common shares of the company at an exercise price of INR 11.25 per share. The warrants are issued on the preferential basis.

The transaction will include participation from Parmeshwar Mercantile Private Limited, Amardhan Mercantile Pvt Ltd, Linkplan Shoppers Private Limited, Rolex Tie Up Private Limited, Virat Vintrade Pvt Ltd, Manimudra Marketing Private Limited, Jalees Commercial Limited, Sanghi Steel Udyog Pvt Ltd, Highlife Commotrade Private Ltd., Jatadhari Commodeal Private Ltd., Anubhav Stock Broking Private Ltd., Shivdarshan Commercial Private Ltd., Dhanrashi Suppliers Private Ltd., Jiwan Deep Commercial Private Ltd., Avighna Buildcons Private Ltd., Baba Bhoothnath Nirman Private Ltd., AG Dynamic Funds Ltd. (FPI) and individual investors, Abhishek Chokhani, Ashok Kumar Chokhani, Sharda Chokhani and Mona Chokhani. The transaction has been approved by the board of directors of the company.