Moongipa Securities Limited announced a private placement of 12,524,000 equity shares at an issue price of INR 200 per share for gross proceeds of INR 2,504,800,000 on preferential basis and 7,371,000 fully convertible warrants, each carrying a right to subscribe to one equity share per warrant, for cash of Face Value of INR 10 each, at an issue price of INR 200 per warrant on preferential basis upon receipt of 25% of issue price from the following allottees on December 10, 2022. The transaction will include participation from Capitalk - Kitara India Growth Fund, LRSD Securities Private Limited, Sixteenth Street Asian GEMS Fund, a fund managed by Sixteenth Street Capital Pte. Ltd. and number of individual investors.

The transaction has been approved by the board of directors of the company.