Fredun Pharmaceuticals Limited announced a private placement of 62,996 common shares at a price of INR 996.20 per share for proceeds of INR 62,756,615.2 to certain non-promoter entities; 37,140, each warrant convertible into 1 equity share of face value of INR 10; and 2,22,752 warrants at a price of INR 996.20 per warrant for proceeds of INR 221,905,542.4, each warrant, convertible into 1 Equity Share of face value of INR 10 each to certain non-promoters, on a preferential basis for total proceeds of INR 284,662,157.6 on August 27, 2022. The transaction has been approved by the board of directors of the company.