Supreme Holdings & Hospitality (India) Limited announced a private placement of up to 1,700,000 equity warrants on March 29, 2022. The warrants will be convertible into common shares of the company and will mature in 18 months from the date of the allotment. The transaction will include participation from individual investor Vinod Kumar Jatia.

The company will receive 25% of the total amount, which is INR 9,775,000, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months. The transaction has been approved by the board of directors of the company. The company will hold extraordinary general meeting of the members of the company for seeking shareholder's approval.