Man Infraconstruction Limited announced a private placement of up to 35,505,000 warrants at a price of INR 38.75 per warrant for gross proceeds of INR 1,375,818,750 on November 29, 2023. The warrants will be issued on preferential basis. The warrants will be convertible into one common share of the company at INR 116.25 per share and will mature in 18 months from the date of the allotment.

The transaction has been approved by the board of directors of the company. The transaction still needs to be approved at the extra ordinary general meeting of the company to be held on December 23, 2023. The transaction included participation from new investors Ansh Deven Mody for 100,000 warrants; Anant Aggarwal for 100,000 warrants; SS Vineet Arora for 100,000 warrants; Prajal Bhandari Non- Promoter for 100,000 warrants; Sunish Bipinchandra Shah for 50,000 warrants; 5Ashok Manharlal Mehta for 33,900 warrants; Suresh Eknath Kolhatkar for 25,000 warrants; Vishant Manish Shah for 25,000 warrants; Ayush Manish.

Shah for 25,000 warrants; Jay Navinchandra Desai for 15,000 warrants; Amit Pravinchandra Bhansali for 11,600 warrants; Ashish Nanchand Vora for 10,320 warrants; Sameer Satish Aurangabadwalla for 8,100 warrants; Rajnish Golecha for 7,200 warrants; Nikunj Vipinchandra Bhatt for 7,040 warrants; Ravindra Keshav Yevale for 6,300 warrants; Tripurari Prasad Singh for 6,300 warrants; Rajendra S Khot for 6,300 warrants; Yashesh Y Parekh for 6,300 warrants; Vikram Bhagwan Naikwade for 6,140 warrants; Aakash Paresh Shal1 for 5,900 warrants; Lakshmi Ramanathan for 5,400 warrants; Shailesh M Nalawade for 5,400 warrants; Prasad S Gulhane for 5,160 warrants; Neha Nirav Thaker for 5,000 warrants; Ishita Mehta for 4,500 warrants; Jayesh Vinodray Vasa for 4,100 warrants; Sureshkumar Chamukutty for 4,000 warrants; Veena Vinay Kamat for 4,000 warrants; Chandrasekaran Kothandaraman for 4,000 warrants; Satish Digambar Mhaske for 4,000 warrants; Durgesh Suhas Dingankar for 3,800 warrants; Bhavesh Chandrakant Shah for 3,800 warrants; Vora Devang Nalinkumar for 3,400 warrants; Rajan Narayan Kale for 3,400 warrants; Ashok Namdeo Chougule for 3,220 warrants; Savita Prakash Atkare for 3,220 warrants; Nilesh Mansukhlal Shah for 3,220 warrants; Rekha Satyendrakumar Sahu for 3,220 warrants; Rahul Dilip Kawade for 3,220 warrants; Ambika Ganesh Moopnar for 3,220 warrants; Tangadi Sanjay Mahadev for 3,220 warrants; Manish N Vaidya for 3,000 warrants; Aruna Anant Poojari for 3,000 warrants; Durga Kinner Shah for 2,900 warrants; Priya Swapnil Natekar for 2,700 warrants; Palak Narayan Raval for 2,700 warrants; Kavita Bhaskar Upadyay for 2,600 warrants; Arun Francis Kasbe for 2,600 warrants; Chintan Kishor Shah for 2,600 warrants; Amol Tanaji Mane for 2,600 warrants; Rishi Satish Aurangabaclwalla for 2,600 warrants; Archana Keshav Samant for 2,600 warrants; Kashinath Mandal for 2,600 warrants; Richards Samuel Shilesh for 2,600 warrants; Ketki Masurkar for 2,600 warrants; Ritu Pandey for 2,600 warrants; Anjilaiah C Sayappa for 2,600 warrants; Sundeep Maneklal Kosambia for 2,600 warrants; Nitin Ambadas Bhosale for 2,600 warrants; Patel Rocky Maheshkumar for 2,600 warrants; Hitendra M Bhanushali for 2,600 warrants; Karthika for 2,600 warrants; Pandurang Ashroba Katare for 2,600 warrants; Bhavika S Jadhav for 2,600 warrants; Shashikant Baburao Lokhande for 2,600 warrants; Keya Mandal for 2,600 warrants; Jignesh K Makwana for 2,600 warrants; Rakesh Kantilal Vora for 2,600 warrants; Mahesh Basavaraj Patil for 2,600 warrants; Ritesh Jaswant Ghiya for 2,600 warrants; Devendra P Pimpalgaonkar for 2,600 warrants; Amit Arun Kale for 2,600 warrants; Rahul S Jethe for 2,600 warrants; Leena Sadanand Jethe for 2,600 warrants; Pavan Dattatraya Sapkale for 2,600 warrants; Zuber Ibrahim Sathe for 2,600 warrants; Mohammad Ishaque for 2,600 warrants; Vilas Dinkar Kedari for 2,600 warrants; Supreeta Shivaram Shetty for 2,600 warrants; Gharge Vijay Balasaheb for 2,600 warrants; Vinesh Arjun Bhaliya for 2,600 warrants; Girajappa Dadu Shingade for 2,600 warrants; Kishan Birju Yadav for 2,600 warrants; Rajesh Busi for 2,600 warrants; Vipul Vallabhadas Dhirawani for 2,600 warrants; Quant Mutual Fund for 1,750,000 warrants; Forbes EMF for 1,470,000 warrants; COEUS Global Opportunities Fund for 1,250,000 warrants; Aries Opportunities Fund Limited for 1,250,000 warrants; Minerva Ventures Fund for 1,250,000 warrants; NVS Corporate Consultancy Services Pvt. Ltd. for 1,200,000 warrants; Harit Exports Limited for 1,000,000 warrants; Amar Alliance Securities Private Limited for 1,000,000 warrants; Tano Investment Opportunities Fund, a fund managed by Tano Capital, LLC for 1,000,000 warrants; Omkara Capital Private Limited for 700,000 warrants; LCGC Managaement and Financial Advisory Services LLP for 500,000 warrants; Bedis Minco Desai for 5,400,000 warrants; Aditya S Chandak for 3,240,000 warrants; Vishal Gupta for 1,600,000 warrants; Ashwini Gupta for 1,000,000 warrants; Aditya Aggarwal for 700,000 warrants; Nalin Vrajlal Shah for 600,000 warrants; Wow Investments for 531,000 warrants; Hetal B Babaria for 500,000 warrants; Urjita Jagdish Master for 500,000 warrants; Krishna Lalit Kabra for 500,000 warrants; Kapil Garg for 500,000 warrants;