Natural Biocon (India) Limited announced a private placement of 1,44,10,000 Equity Shares of of INR 10 each face value at a price of
INR 13.50 (including premium of INR 3.50) for a gross proceeds of INR 194,535,000 on April 16, 2024. The transaction includes participation from Aarnah Capital Advisors Private Limited for 2,500,000 shares, Aventez Media & Technologies Limited for 2,500,000 shares, Copo Holdings Private Limited for 2,500,000 shares, MNDM Business Point Private Limited for 2,500,000 shares, Rich Pockets Online Services Limited for 2,500,000 shares, Satyasur Marketing Private Limited for 2,000,000 shares and Premal Vaishnav for 10,000 shares. The transaction is subject to the approval of Shareholders in ensuing Extra Ordinary General Meeting and other statutory and regulatory approval and obtained approval from board of directors.