Canopy Finance Limited announced a private placement of 30,00,000 equity share at a price of INR 30 per share for gross proceeds of INR 90,000,000 on June 28, 2022. The transaction included participation from Rikhav Piyush Shah for 83,333, shares, Surendra Sodhi for 1,66,666 shares, Sidharth Garg for 833,333 shares, Dolly Garg for 833,333 shares, Ashis Mohanty for 3,33,333 shares, Barun Mahansaria for 3,75001 shares, Intellect Stock Broking Limited, Asset Management Arm for 3,75,001 shares. The company received received the approval from board of the company.