Janus Corporation Limited (BSE:542924) announced a private placement of 300,000 equity shares at a price of INR 68 each including premium of INR 58 for gross proceeds of INR 20,400,000 and 2,000,000 equity convertible warrants at a price of INR 68 each including premium of INR 58 for a gross proceeds of INR 136,000,000; for an aggregate gross proceeds of INR 156,400,000 on August 12, 2020. The transaction will include participation from non-promoters of the company, returning investors, SYNEMATIC MEDIA AND CONSULTING PRIVATE LIMITED for 40,000 shares and 200,000 warrants and Aarnah Capital Advisors Private limited for 75,000 shares and 300,000 warrants, new investors, Zylo Enterprises Private limited for 40,000 shares to acquire 0.66% stake and 300,000 warrants, Espeon Consulting Private limited for 40,000 shares to acquire 0.66% stake and 300,000 warrants, Miniboss Consulting Private limited for 40,000 shares to acquire 0.66% stake and 300,000 warrants, Create ROI consulting Private limited for 40,000 shares to acquire 0.66% stake and 300,000 warrants, and Brandbucket Media & Technologies Private limited for 75,000 shares to acquire 0.41% stake and 300,000 warrants. The warrants will be convertible.

The stake of SYNEMATIC MEDIA AND CONSULTING PRIVATE LIMITED will increase from 1.097% to 1.705% and Aarnah Capital Advisors Private limited from 0.156% to 1.39% post closing of the transaction. The securities will be issued by way of issue of Preferential Allotment. The transaction has been approved by the board of directors of the company.

The transaction needs to be approved by the shareholders of the company at the annual general meeting to be held on September 25, 2020. The shares to be issued will have a lock up period.