Rama Vision Limited announced a private placement of 400,000 convertible warrants at issue price of INR 13.85 on a preferential basis for gross proceeds of INR 5,540,000 on January 30, 2023. The warrants will be convertible into one common share of the company at INR 13.85 per share and will mature in 18 months from the date of the allotment. The company will receive 25% of the total amount, which is INR 5,540,000 as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months.

The transaction will include participation from four investors including Satish Jain, Sudha Jain, Arhant Jain, and Udit Jain. The company received board's approval with respect to the transaction.