Response Informatics Limited announced a private placement of 1,500,000 common shares at a price of INR 78 per share for the gross proceeds of INR 117,000,000 and 258,000 warrants at a price of INR 19.5 per warrant for the total gross proceeds of INR 122,031,000 on February 9, 2024. The company will include participation from Srikanth Nimmagadda, Sudhakar Pennam, Vikramaditya Gandikota, Satya Koppaka, Nitin Ajmera and other investors. The transaction has been approved by the shareholders of the company.