Cosmic CRF Limited announced a private placement of up to 1,276,000 common shares at the price of INR 666 per share for gross proceeds of INR 849,816,000 on January 19, 2024. The transaction included participation from new investors Dar?s Business Finance Private Ltd for 534,400 shares for gross proceeds of INR 355,910,400; Everest Finance & Investment Co. for 536,400 shares for gross proceeds of INR 357,242,400; Samedh Trinity Partners for 6,000 shares for gross proceeds of INR 3,996,000; Anupam Agarwal for 3,600 shares for gross proceeds of INR 2,397,600; Abhijit Nripen Kumar Mukherjee for 2,000 shares for gross proceeds of INR 1,332,000; Vinay Khattar for 5,200 shares for gross proceeds of INR 3,463,200; Sarita Dayma for 5,200 shares for gross proceeds of INR 3,463,200; Amit R Agarwal for 30,000 shares for gross proceeds of INR 19,980,000; Shruti Agrawal for 20,000 shares for gross proceeds of INR 13,320,000; Moneystone Consultants LLP for 30,000 shares for gross proceeds of INR 19,980,000; Rakesh Laroia for 30,000 shares for gross proceeds of INR 19,980,000; Vibha Gupta for 30,000 shares for gross proceeds of INR 19,980,000; Manickam Ravichandran for 10,000 shares for gross proceeds of INR 6,660,000; returning investors Mitul Prafulbhai Mehta for 18,400 shares for gross proceeds of INR 12,254,400; Ashish Rathi for 14,800 shares for gross proceeds of INR 9,856,800.

The shares are issued on preferential basis. The transaction has been approved by the board of directors of the company. The transaction still needs to be approved at the extraordinary general meeting of the company to be held on February 10, 2024.