D. P. Abhushan Limited announced a private placement of 443,170 common shares at a price of INR 1,182 for the gross proceeds of INR 512,006,940 and 397,500 fully convertible equity warrants at a price of INR 295.5 per warrant for the gross proceeds of INR 117,461,250 for the total gross proceeds of INR 641,288,190 on May 21, 2024. The transaction will include participation from Vijit Global Securities Private Limited, Infinity Value Investments Ltd, Sumitkumar Jain, Ankita Dhaval Shah, Nehal Bhavesh Shah and other investors. The warrants will be convertible into common shares of the company at an exercise price of INR 886.5 The transaction has been approved by the shareholders of the company.