Madhusudan Securities Limited announced that it has received INR 139.5 million in funding from a group of investors

On April 11, 2024, the company has closed the transaction. The company issued and allotted 1,900,000 common shares at a price of INR 18 per share for the gross proceeds of INR 34,200,000 and 23,400,000 Convertible Warrants at a issue price of INR 4.5 per share for gross proceeds of INR 105,300,000 for the total gross proceeds of INR 139,500,000. The transaction included participation from Vinod Rajindranath Sethi for 200,000 equity shares, Nachiket Anup Shah for 200,000 equity shares, Jagmeet Sabharwal Singh for 200,000 equity shares, Prashant Girish Choksey for 200,000 equity shares, Nitij Ajeet Arenja for 200,000 equity shares, Atul Richard Rawat for 200,000 equity shares, Nibhrant Darshan Shah for 100,000 equity shares, Nidhi Gupta for 200,000 equity shares, Hemantsingh Naharsingh Zhala for 200,000 equity shares,M C G Investments Private Limited for 200,000 equity shares,Salim Pyarali Govani for 1,700,000 Convertible Warrants, Cheralathan for 1,500,000 Convertible Warrants, Karthikeyan M for 1,500,000 Convertible Warrants, Jaidev Rajnikant Shroff for 1,100,000 Convertible Warrants, Vishnu Ajay Anand for 1,000,000 Convertible Warrants, Anirudh Mohta for 500,000 Convertible Warrants, Siddharth Kothari for 500,000 Convertible Warrants, Nihar Kothari for 500,000 Convertible Warrants, Samir Arvind Thakker for 500,000 Convertible Warrants, Vishal Singh for 300,000 Convertible Warrants, Kaveri Khullar Nanda for 500,000 Convertible Warrants, Ankit Gera for 500,000 Convertible Warrants, Nitin Sharma for 500,000 Convertible Warrants, Subhadra Shukla for 300,000 Convertible Warrants, Sharda SubashchandraBhat for 1,000,000 Convertible Warrants, Baunwert AdvisorsPrivate Limited for 500,000 Convertible Warrants, Minerva VenturesFund for 1,100,000 Convertible Warrants, Zinnia Global Fund PCC ?

Cell Dewcap Fund for 1,100,000 Convertible Warrants, Saint Capital Fund for 1,100,000 Convertible Warrants, Noval Global Opportunities Fund PCC-Touchstone for 1,100,000 Convertible Warrants, 3 Sigma Global Fund for 1,100,000 Convertible Warrants, Vikasa India EIF I Fund for 1,100,000 Convertible Warrants, Silver Stallion Limited for 1,100,000 Convertible Warrants, Ebene Global Opportunity Fund for 1,100,000 Convertible Warrants, Eminence Global Fund PCC-Eubilia Capital Partners Fund for 1,100,000 Convertible Warrants and AG Dynamic Funds Limited for 1,100,000 Convertible Warrants.