Panorama Studios International Limited announced a private placement of up to 1,000,000 equity shares at a price of INR 274 per share and up to to 1,541,000 equity warrants at a price of 68.5 per warrant for the total gross proceeds of INR 379,558,500 on December 28, 2023. The securities will be issued on preferential basis. The transaction has been approved by the shareholders of the company.

The warrants will be converted in to equity shares within 18 months from the date of allotments of warrants at an exercise price of INR 205.5.