Ethos Limited announced a private placement of 171,232 equity shares on a preferential basis at a price of INR 292 per share for gross proceeds of INR 4,99,99,744 on May 28, 2019. The transaction included participation from returning investor KDDL Limited (BSE:532054). Post the transaction the stake of investor will increase from 72.73% to 72.99% on a fully diluted basis.

The shares are issued at a premium of INR 282 per share.