Ace Software Exports Limited announced a private placement to issue 1,720,000 common shares at an issue price of INR 35 per share for the gross proceeds of INR 60.200,000 on January 6, 2024. The transaction will include participation from individual investors Amit Mansukhlal Mehta for 847,360 shares, Vaishali Amit Mehta for 400,000 shares, Rahul Jayantibhai Kalari for 312,220 shares, Kalaria Rahul Jayantilal for 50,000 shares, Palavoor Muthiah Anavaratham for 70,000 shares and Sanghavi Nischal Arvindbhai for 40,310 shares. The transaction has been approved by the shareholders of the company and is subject to general shareholders.