B. N. Rathi Securities Limited announced a private placement to issue 18,50,000 convertible warrants at an issue price of INR 13.5 for the gross proceeds of INR 24,975,000 on September 27, 2023. The transaction will include participation from new investors Darshan P Desai HUF for 925,000 warrants and Priyanka Darshan Desai for 925,000 warrants. The transaction has been approved by the shareholders and is subject to general shareholders which is about to be held on October 25, 2023.