Rushil Décor Limited (BSE:533470) announced private placement of 317,460 warrants at an issue price of INR 630 per warrant on December 15, 2016. The warrants issued are convertible into common shares of the company within 18 months from date of issuance. The company will receive 25% of issue price, which is INR 49,999,9500 at the time of issuance and remaining 75% of issue price, which is INR 149,999,850 at the time of exercise of warrants. The transaction will involve participation from new investor Suryakant Hiralal Parikh. The transaction has been approved by the shareholders of the company in Extraordinary General Meeting. The transaction is expected to close with in 15 days from date of approval. The warrants issued are subject to lock-in period of six months.