Diamond Infosystems Limited (BSE:530801) announced a private placement of 2,000,000 common shares on June 14, 2016. The transaction will include participation from Diamond Projects Pvt Ltd for 550,000 shares, S N Bhatnagar (HUF) for 50,000 shares, ADS Consultancy Services Pvt. Ltd. for 500,000 shares, Anurag Shrivastava for 500,000 shares and Disha Shrivastava for 400,000. The transaction has been approved by the board of directors of the company and is subject to approval of shareholders in an extra ordinary meeting to be held on July 16, 2016.