Monarch Networth Capital Limited (BSE:511551) announced a private placement to issue fully convertible warrants of up to 2,990,000 fully convertible warrants for an aggregate amount of INR 215,280,000 on June 18, 2021. The warrants are fully convertible and issued through preferential issue method. The transaction will include participation from Gaurav Bhandari for 1,800,000 shares, Abhisar Jain for 250,000 shares, Purvesh Shelatkar for 200,000 shares, Amit Jain for 150,000 shares, Aalok Shah for 100,000 shares, Dipankar Choudhury for 100,000 shares, Praveen Toshniwal for 60,000 shares, Durga Mohapatra for 30,000 shares, Rahul Jetawa for 25,000 shares, Rupanjana Ray for 25,000 shares, SP Sornalingam for 25,000 shares, Vijay Chaturvedi for 25,000 shares, NaveenJain for 25,000 shares, Vijay Gharatkar for 25,000 shares, Kumarpal Shah for 25,000 shares, Toufique Virani for 20,000 shares, Vinit Gala for 20,000 shares, Nimesh Agrawal for 20,000 shares, Siddharth Bajaj for 17,500 shares, Nimit Kothari for 17,500 shares, Anubhav Rawat for 15,000 shares and Sahil Sanghvi for 15,000 shares. The warrants are convertible into equivalent number of equity shares of INR 10 each within a maximum period of 18 months from the date of allotment of such warrants. The transaction is subject to approval of the shareholders of the company and applicable regulatory authorities as the case may be, in accordance with the SEBI ICDR Regulations and other applicable laws.