KDDL Limited (BSE:532054) announced a private placement of 754,716 equity shares at a price of INR 265 per share for total proceeds of INR 199,999,740, and 113,206 zero coupon convertible warrants at a price of INR 66.25 for total proceeds of 7,499,897.5 on preferential basis for aggregate proceeds of INR 207,499,637.5 on December 12, 2016. The transaction will include participation from returning investor, SAIF Partners for 754,716 equity shares, and promoters including Dream Digital Technology Ltd for 15,094 warrants, Anuradha Saboo for 52,830 warrants, Yashovardhan Saboo for 22,641 warrants. The transaction was approved by the shareholders of the company at its extraordinary general meeting, and also approved by the board of directors. The warrants will be issued at par, and will be exercisable at INR 198.75. The equity shares will be issued at a premium.