Sanchay Finvest Limited announced a private placement to issue 12% 200,000 Non-Convertible Non-Cumulative preference shares at an issue price of INR 100 per share for the gross proceeds of INR 20,000,000 on September 8, 2023. The transaction will include participation from individual investors Rushabh Praful Satra for 50,000 shares, Sangeeta Singh for 50,000 shares, Vrutika Praful Satra for 50,000 shares and Tatsat Singh for 50,000 shares. The transaction has been approved by the board of directors and is subject to Extra Ordinary General Meeting which is scheduled on October 11, 2023.