Rose Merc Limited announced a private placement of 2,175,000 equity warrants convertible into equity shares of face value INR 10 per share at a price of INR 24.25 per warrant to non-promoters on preferential allotment for gross proceeds of INR 52,743,750 on June 21, 2022. The transaction will include participation from Nipa Anil Haria, Vaishali Parkar Kumar, PathikMayurbhai Parikh, Padmaja Suresh Ambekar, Khushboo Himanshu Gandhi, Jovita Himanshu Gandhi, Bijal Himanshu Gandhi, K A Gandhi (HUF), Chitra Agarwal, Mrudul Girish Gokhale, Mukesh Jugaldas Desai, Sudhir VamanPadiyar, Priyadarshi Vishwanath Srivastava and Punam Arora. The equity warrants convertible into equivalent number of equity shares of face value INR 10 each of the company within a maximum period of 18 months from the date of allotment of such warrants.