Vakrangee Limited announced a private placement to issue up to 60,000,000 warrants each convertible into or exchangeable into equivalent number of fully paid-up equity share of the company on a preferential basis in accordance with Chapter V of the Securities and Exchange Board of India on February 6, 2024. The transaction will include participation from NJD Capital Private Limited for 20,000,000 warrants on Promoter Category and V and V Trading Private Limited for 40,000,000 warrants on Non-Promoter Category. The transaction is subject to the approval of regulatory/ statutory authorities and the shareholders of the company and transaction has been approved by the board of directors of the company.