Kilitch Drugs (India) Limited announced a private placement 500,000 convertible warrants at a price of INR 44.2875 on December 20, 2021. The warrants will be issued on a preferential allotment basis. Each warrant is convertible into one equity shares at an exercise price of INR 132.8625. The transaction will include participation from Mukund Mehta and Bhavin Mehta, promoters of the company, for 250,000 each. The transaction has been approved by the board of directors of the company.