Oriental Rail Infrastructure Limited announced a private placement of 5,056,000 equity shares at issue price of INR 168 for gross proceeds of INR 849,408,000 and 7,500,000 convertible warrants at issue price of INR 42 for gross proceeds of INR 315,000,000 on preferential basis on December 21, 2023. The transaction has been approved by the board of directors of the company. The transaction included individual investor participation of Wazeera S Mithiborwala for 75,00,000 warrants and other group of investors participation for equity shares.