Last Mile Enterprises Limited announced a private placement of 9,885,000 prepaid warrants on April 3, 2023.The warrants will be convertible into one common share of the company at INR 27 per share and will mature in 18 months from the date of the allotment. The company will receive 25% of the total amount, which is INR 66,723,750, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months.The transaction included participation from SHASHWAT STOCK BROKERS PVT for 2,500,000 for INR 16,875,000, Solanki Dharmendra Laxmanbhai HUF for 450,000 for INR 3037,500, Rajesh Nanubhai Jhaveri HUF for 3,000,000 for INR 20,250,000 and individual investors Adarsh Dharmendra Solanki for 450,000 for INR 3,037,500, Hardi Dharmendra Solanki for 450,000 for INR 3,037,500, Nita Dharmendra Solanki for 450,000 for INR 3,037,500, Jyotiraditya Vaghela for 500,000 for INR 3,375,000, Pooja Vaghela for 475,000 for INR 3,206,250, Ashok Singh for 40,000 for INR 0.270,000, Nirav Kothari for 370,000 for INR 2,497,500, Neeta A Jhaveri for 400,000 for INR 2,700,000, Ankit Jhaveri for 400,000 for INR 2,700,000, Pratima Jhaveri for 2,500,000 for INR 2,700,000.