Supreme Infrastructure India Ltd (BSE:532904) announced a private placement of 1,350,000 shares at a price of INR 185 per share for gross proceeds of INR 249,750,000 on January 8, 2014. The company will also issue 2,000,000 warrants in the transaction. The transaction will include participation from new investor BHS Housing Pvt. Ltd. The company will receive 25% of the exercise price as upfront payment at the time of issuance. The warrants will entitle the holder to purchase common shares of the company and the warrants will mature in 18 months from the date of issue. The investor will acquire 6.72% stake in the company pursuant to the transaction.

On the same day, the company issued the shares to the investor.