Minacolor Inc. announced that it has entered into a purchase agreement for the private placement of 25,112 shares at an issue price of ?7,566.103854 per share for gross proceeds of ?190,000,000 on October 19, 2021. The transaction will involve participation from NTT DOCOMO, INC., and Medley, Inc. The company will pay consulting fees of ?12,000,000 in the transaction. The investors will acquire 14.9% stake in the company. The transaction has been approved by the board of directors of Medley, Inc. The transaction is expected to close on October 29, 2021. The company will raise funding through third party allotment method.