Madhuveer Com 18 Network Limited announced a private placement to issue 1,50,00,000 Warrants convertible into equity shares on preferential basis at the price of INR 10 per warrant on September 25, 2023. The transaction included participation from individual investors such as Dhruvin Shah for 56,60,000 warrants, Sagar Samir Shah for 43,40,000 warrants, Shlok Vimal Rathod for 25,00,000 warrants, Jay Prakash Kariya for 12,50,000 warrants and Meet Prakash Kariya for 12,50,000. The transaction has been approved by the board of directors of the company.