Samor Reality Limited announced a private placement of up to 1,500,000 warrants at INR 25 per warrant for aggregate gross proceeds of INR 37,500,000 on July 16, 2022. The transaction will include participation from Beeline Capital Advisors Private for up to 500,000, Ansu Investment for up to 600,000, Ram Ballabh Katta for up to 150,000, AS Finalysis Ventures LLP and Adheesh Kabra HUF for up to 125,000. The warrants have a total price of INR 100, of which the company will receive 25% of the total amount as upfront payment at the time of allotment of warrants and the remaining 75% will be paid upon exercise of warrants.

Each warrant is exercisable to acquire 1 equity share of the company, at an exercise price of INR 75 per share for a period of 18 months from the date of allotment. The company will issue securities on preferential basis. The transaction has been approved by the board of directors of the company, and is subject to shareholder approval and other regulatory approvals.