Apex Capital and Finance Limited announced a private placement of 7,600,000 Convertible warrants issued at a price of INR 31.25 per warrant (including a premium of INR115 per warrant), for gross proceeds INR 237,500,000 on July 3, 2024. The transaction includes participation from Hillgrow Infoservices Private Limited for 840,677 warrants, Palmtree Infracon Private Limited for 1,050,677 warrants, Veteran Infradevelopers Private Limited for 1,050,677 warrants, Foster Infrastructure Private Limited for 1,050,677 warrants, Inscence Developers Private Limited for 939,198 warrants, Suchitra for 616,094 warrants, Shamsher Singh for 161,805 warrants, Parveen Kumar for 199,436 warrants, Pawan Singh for 180,390 warrants, Ankit Sangwan for 282,079 warrants, Usha Solanki for 282,290 warrants, Krishan Kumar Sangwan for 473,000 warrants, Sukhwanti Sangwan for 473,000 warrants. The issuance is made on Preferential basis.Each Warrant will be convertible into, or exchangeable for 1 (one) fully paid-up equity share of the Company of face value of INR 10 each, which may be exercised in one or more tranches for exercise price INR 93.75 during a period of 18 months commencing from the date of allotment of the Warrants.