Prospect Commodities Limited announced a private placement to issue 870,000 shares at an issue price of INR 64 per share (INR 54 premium) for the gross proceeds of INR 55,680,000 and 1,175,000 pre-paid convertible warrants at an issue price of INR 18,800,000; aggregate gross proceeds of INR 74,480,000 on March 13, 2024. The transaction has been approved by the shareholders of the company.