Ritco Logistics Limited announced a private placement to issue 3,846,139 shares at an issue price of INR 260 per share for the gross proceeds of INR 999,996,140 on June 25, 2024. The transaction will include participation from new and returning investors Himani Shah 9,615 shares, Nexta Enterprises LLP 115,384 shares, Malay Ashokbhai Shah 115,384 shares, Nilansh Malaybhai Shah 76,923 shares, Achal Anil Bakeri 192,307 shares, Vrushali Shah 442,307 shares, Anushree Shah 442,307 shares, Kavish Shah 435,384 shares, Deep Patel 115,384 shares, Safari Biotech Private Limited" 115,384 shares, Miracles Finstock Services Private Limited 50,000 shares, Namrata Nitinkumar Shah 50,000 shares, Kalpana Sudhir Bheda 50,000 shares. Vijit Global Securities Private Limited 192,307 shares, MNCL Capital Compounder Fund - I 461,538 shares, Aartie Sunil Anandpara 423,076 shares, Satya Mohapatra 76,923 shares, Rakesh Ramanlal Shah 96,153 shares, Shaishav Rakeshkumar Shah 96,153 shares, Reyaan Rohan Shah 96,153 shares, Mirali Rohan Shah 96,153 shares, Anish Amol Taori 9,615 shares, Pranav Mukesh Parekh 9,615 shares, Manisha Gupta 9,615 shares, Sonal R Karani 48,076 shares, Ural Nilesh Doshi 9,615 shares, Anil Sanghvi 11,538 shares, Manan Thakkar 9,615 shares and Ishita Mota 9,615 shares.

The transaction has been approved by shareholders and is subject to general shareholders.