Moongipa Securities Limited announced a private placement of 23,738,800 common shares having face value of INR 10 per share at an issue price of INR 101 per share for proceeds of INR 2,397,618,800 on September 16, 2022 . As part of transaction the company will also issue 7,251,000 convertible warrants at an issue price of INR 101 per share, and would receive 25% of issue price INR 25.25 per share at the time of allotment and remaining 75% of the issue price within 18 months from the date of issue of these warrants. The transaction has been approved by the board of directors of the company. The transaction will include participation from Rahul Gupta and Rohan Gupta for 9,090,923 shares each, Arwa Umesh for 300,000 shares, Kunal Khaneja, Sangeeta Pareekh for 200,000 shares each, Saket Agarwal for 250,000 shares, Balaji Agencies for 400,000 shares, Classic Enterprises for 1,803,953 shares, Nitin Agarwal, Uma Ghate, Chirag Karsandas Bhathia, Mini Tayal for 50,000 each, Dhoot Instruments Pvt Ltd, even Hills Capital, Naresh Bhatiani, Arun Venkatachalam, Gaurav Sud, Veena Dudeja, Madhav Agarwal for 100,000 shares each, Ashish Rameshchandra Kacholia, Rikeen Pradip Dalal, Samit S Vartak for 301,000 shares each, Mukul Mahavir Agrawal for 600,000 shares.

Warrants will be issued to Sudesh Business Venture Private Limited for 6,000,000 warrants, Deepak Kumar, Anubhav Gupta for 100,000 warrants each, Sahil Sikka for 50,000 warrants, Anjana Bansal, Rohit Gupta HUF for 200,000 warrants each, Csl Financial Services Limited for 300,000 warrants, Sachin Kasera for 301,000 warrants. The company will issue securities on preferential basis.