Windsor Machines Limited (BSE:522029) announced a private placement of 72,14,644 prepaid convertible warrants on preferential basis on January 9, 2017. The warrants will be convertible into one common share of the company at INR 63.30 per share and will mature in 18 months from the date of the allotment. The company has received 25% of the total amount, which is INR 114,171,741.3, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months. The company allotted 5,843,862 warrants to Chartered Finance & Leasing Ltd, Asset Management Arm, 565,782 warrants to DGP Securities Ltd, 480,000 warrants to Kiddy Plast Ltd, and 325,000 warrants to Dilip G.Piramal. The transaction has received Regulatory approval, stock exchange approval and board of director’s approval.