Supra Pacific Financial Services Limited announced a private placement of up to 478,990 common shares at the price of INR 26.20 per share for gross proceeds of INR 12,549,538 on March 4, 2024. The securities will be issued on preferential basis. The transaction included participation from new investors Chacko Valiplakel Geevarghis for INR 1,999,977, Unnikrishnan for INR 999,975, Ranjith Vadayattu Joseph for INR 999,975, and other investors. The transaction has been approved by the board of directors of the company.

On April 17, 2024, the company announced that the transaction needs to be approved at the meeting of the board of directors of the company to be held on April 24, 2024.