Sera Investments & Finance India Limited announced a private placement of 20,000,000 warrants convertible into equity shares on preferential basis at an issue price of INR 3.375 per warrant for the gross proceeds of INR 67,500,000 on October 13, 2023. The transaction will include participation from individual investors Nishith Trivedi, Sagar Samir Shah, Barkha Balkrushnan Deshmukh and Vipul Shirish Sheth. The transaction has been approved by the shareholders of the company.

The warrants are exercisable at a exercise price of INR 10.125.