Prime Customer Services Limited announced a private placement of 6,94,200 convertible warrants at an issue price of INR 56.48 per warrant for gross proceeds of INR 39,208,416 on November 15, 2021. The warrants can be exercised into common shares of the company. The transaction will include participation from individual investors Ashit Amrit Patel for 41,400 warrants, Nipa Anil Haria for 51,000 warrants, Shashikant Parkar for 25,500 warrants, Navjot Kaur Sonu Vasan for 90,000 warrants, Shaila Parkar for 25,500 warrants, Ranikaur Ratansingh Arora for 60,000 warrants, Padmaja Suresh Ambekar for 51,000 warrants and Sona Singh Kulwat for 3,49,800. The company will receive 25% of the total amount, which is INR 9,802,104 as upfront payment at the time of allotment of warrants and the remaining 75% that is INR 29,406,312 will be paid at maturity. The warrants will be issued on preferential basis. The transaction has been approved by the board of directors of the company.