Lancer Container Lines Limited (BSE:539841) announced a private placement of 2,080,000 warrants of par value of INR 10 per warrant on December 10, 2016. The company will issue securities on preferential allotment basis. The investors would invest 25% of the exercise price of warrants as upfront payment. The remaining 75% would be payable upon exercise of these warrants. The warrants issued would expire in 18 months from the date of issue. The company expects to receive funding in one or more tranches. The transaction has been approved by the shareholders at its Extraordinary General Meeting.