Rollatainers Limited announced a private placement to issue 5,363,984 10% Compulsorily Convertible Preference Shares at an issue price of INR 2.61 per share for the gross proceeds of INR 13,999,998.24 and 38,314,176 2% Compulsorily Convertible Preference Shares at an issue price of INR 2.61 per share for the gross proceeds of INR 99,999,999.36; aggregate gross proceeds of INR 113,999,997.6 on May 10, 2024. The transaction will include participation from new investor Newtime Infrastructure Limited. The transaction has been approved by the shareholders of the company and is general shareholders to be held on June 2, 2024.

The preference shares are convertible into common shares for INR 1 per share.