Welcure Drugs & Pharmaceuticals Limited announced a private placement to issue 99,000,000 pre-paid convertible warrants at an issue price of INR 2.5 per warrant for the gross proceeds of INR 247,500,000 on June 10, 2024. The transaction will include participation from individual investors Ankush Rajkumar Dabhane 10,000,000 warrants, Rahul Ratansingh Sikarwar 11,000,000 warrants, Govindsingh Bhavnathsingh Rajbhar 9,000,000 warrants, Kuldeep Ranvirsingh Tomar 10,000,000 warrants, Manish Rajput 11,000,000 warrants, Tatad Nayan Gautambhai 10,000,000 warrants, Mitesh Makvana 9,000,000 warrants, Akshay Nadiya 10,000,000 warrants Jaydeep Bhosle 9,000,000 warrants and Avinashbhai G Parmar 10,000,000 warrants. The transaction has been approved by shareholders and subject to approval of shareholders and other regulatory authorities, as may be applicable.