Nibe Limited announced a private placement of up to 1,475,400 equity shares of the company having face value of INR 10 each at a price of INR 510 per share for the gross proceeds of INR 752,454,000 and up to 291,000 convertible pre-paid warrants at a price of INR 127.5 per warrant with a right to the warrant holders to apply for and be allotted 1 equity share of the face value of INR 10 each of the company at a premium of INR 500 per share for the gross proceeds of INR 37,102,500; for aggregate total gross proceeds of INR 789,556,500 on September 18, 2023. The transaction has been approved by the shareholders of the company and is subject to shareholder's approval. The transaction will include participation from Aegis Investment Fund for 790,000 shares and individual investors Satendrapal Singh Chhabra for 194,200 shares, Amarjeet Kaur Chhabra for 1,94,200 shares, Rushabh N Shah for 19,400 shares, Divya Mahendrakumar Kankaria for 9,700 shares, Surabhi Yash Shah for 9,700 shares, Pawan Kumar Garg for 5,800 shares, Harshit Singhal for 19,400 shares, India Emerging Giants Fund Limited for 48,500 shares, L Dharmichand Singhvi for 9,700 shares, Kunal Shah for 15,500 shares, Asha Arun Patankar for 9,700 shares, Hirachand Padma Jain for 7,800 shares, Rekha Dineshkumar for 7,800 shares, Vikas Rekha Bohra for 7,800 shares, Sheetal Mohanchand for 7,800 shares, Manoj Amlokchand Gadiya for 7,800 shares, Ravindra Lakshmaiahshetty Karpakla for 7,800 shares, Mithalal Nirmal Kumar for 7,800 shares, Vijayraj Kanmal Jain for 7,800 shares, Neha Gunavanthkumar for 9,700 shares, Sunil Khetpalia for 9,700 shares, Shobha Sunil Khetpalia for 9,700 shares, Ankush Taleda for 9,700 shares, Sandhya V for 4,800 shares, Umedmal Jasraj Golecha for 9,700 shares, Kusum Poddar for 4,800 shares, Nav Ratan Bhaiya for 9,700 shares, Vicky Hemchand Gala for 9,700 shares, Gayathri Ramamurthy for 9,700 shares and Ganesh Ramesh Nibe for 2,91,000 warrants.

Pre-issue India Emerging Giants Fund Ltd holds 54,795 shares and Rekha Dineshkumar holds 330 shares. Post-issue Aegis Investment Fund will hold 5.34% stake for 790,000 shares and individual investors Satendrapal Singh Chhabra will hold 1.31% stake for 194,200 shares, Amarjeet Kaur Chhabra will hold 1.31% stake for 1,94,200 shares, Rushabh N Shah will hold 0.13% stake for 19,400 shares, Divya Mahendrakumar Kankaria will hold 0.07% stake for 9,700 shares, Surabhi Yash Shah will hold 0.07% stake for 9,700 shares, Pawan Kumar Garg will hold 0.04% stake for 5,800 shares, Harshit Singhal will hold 0.13% stake for 19,400 shares, India Emerging Giants Fund Limited will hold 0.70% stake for 1,03,295 shares, L Dharmichand Singhvi will hold 0.07% stake for 9,700 shares, Kunal Shah will hold 0.10% stake for 15,500 shares, Asha Arun Patankar will hold 0.07% stake for 9,700 shares, Hirachand Padma Jain will hold 0.05% stake for 7,800 shares, Rekha Dineshkumar will hold 0.05% stake for 8,130 shares, Vikas Rekha Bohra will hold 0.05% stake for 7,800 shares, Sheetal Mohanchand will hold 0.05% stake for 7,800 shares, Manoj Amlokchand Gadiya will hold 0.05% stake for 7,800 shares, Ravindra Lakshmaiahshetty Karpakla will hold 0.05% stake for 7,800 shares, Mithalal Nirmal Kumar will hold 0.05% stake for 7,800 shares, Vijayraj Kanmal Jain for will hold 0.05% stake 7,800 shares, Neha Gunavanthkumar will hold 0.07% stake for 9,700 shares, Sunil Khetpalia will hold 0.07% stake for 9,700 shares, Shobha Sunil Khetpalia will hold 0.07% stake for 9,700 shares, Ankush Taleda will hold 0.07% stake for 9,700 shares, Sandhya V will hold 0.03% stake for 4,800 shares, Umedmal Jasraj Golecha will hold 0.07% stake for 9,700 shares, Kusum Poddar will hold 0.03% stake for 4,800 shares, Nav Ratan Bhaiya will hold 0.07% stake for 9,700 shares, Vicky Hemchand Gala will hold 0.07% stake for 9,700 shares, Gayathri Ramamurthy will hold 0.07% stake for 9,700 shares.