Wardwizard Innovations & Mobility Limited (BSE:538970) announced a private placement of 1,750,000 shares of face value of INR 10 each at a price of INR 31 per share for gross proceeds of INR 54,250,000 on July 11, 2020. The transaction has been approved by the board of directors of the company and is subject to the approval of the shareholders of the company and the approval of the stock exchange.