Walchandnagar Industries Limited announced a private placement of 21,718,023 pre-paid convertible equity warrants at a price of INR 28.5 per warrant for the gross proceeds of INR 618,963,655.5? on a preferential basis on November 16, 2023. The transaction has ben approved by the shareholders of the company. The transaction will include participation from Walchand Kamdhenu Commercials Private Limited for 44,79,776 warrants, Walchand Great Achievers Private Limited for 9,22,474 warrants, Pivotal Business Managers LLP for 21,92,982 warrants, RVB Enterprises LLP for 20,17,543 warrants, Rakesh Subhkaran Kathotia for 10,52,632 warrants, Ashibhadarsh Ventures Private Limited for 21,92,982 warrants, Ashish Kacholia for 17,54,385 warrants, Mahima Stocks Private Limited for 21,92,982 warrants, Jyoti Bajrang Bafna for 52,631 warrants, Dhara Deepak Mishra for 26,315 warrants, Ankit Babel for 1,75,438 warrants, Hetal Madhukant Gandhi for 87,719 warrants, Amit Gunchandra Mehta for 2,63,157 warrants, NPRS Financial Services Private Limited for 2,63,157 warrants, Moneka Anil Poddar for 65,789 warrants, Siddharth Shah for 65,789 warrants, Sumit Bhalotia for 65,789 warrants, Tushar Bohra for 65,789 warrants, Sunny Bharat Gosar for 35,087 warrants, Pallavi Dhoot for 65,789 warrants, Sanjay Kothari for 1,62,280 warrants, Milind Bhagchand Bafna for 65,789 warrants, Khushal Kalyanji Gada for 65,789 warrants, Pooja Singhvi for 52,631 warrants, Deep Jagdish Master for 4,38,596 warrants, Suryatej Advisors LLP for 6,57,894 warrants, Khushboo Siddharth Nahar for 2,30,263 warrants, Vidya Prafull Rai for 2,30,263 warrants, Ashish Nagindas Mehta for 1,97,368 warrants, Brahmi Advisors LLP for 9,64,911 warrants, VSS Iron and Minerals Private Limited for 3,50,877 warrants, Stuve Coremin Private Limited for 1,75,438 warrants and Riddhesh Ram Gandhi for 87,719 warrants.

The warrants are convertible into equal number of equity shares within a period of 18 months from the date of allotment of the warrants.