Pro Fin Capital Services Ltd. announced a private placement of common shares for gross proceeds of up to INR 500,000,000 on July 4, 2023. The shares will be issued on preferential basis. The transaction has been approved by the board of directors of the company.

On August 24, 2023, the company announced that a meeting of the board of directors of the company is scheduled on August 29, 2023 to consider and approve the transaction.