Caspian Corporate Services Limited announced a private placement of 1,39,45,190 equity shares on preferential basis with par value of INR 1, at an issue price of INR 12 per share for gross proceeds of INR 167,342,280 on January 3, 2022. The transaction was approved by the board of directors of the company and subject to approval of Extra-ordinary General Meeting of shareholders. The transaction will include participation from YADAV SANSKRITI, PRADEEPKUMAR U, GADHI RAJU SUNEETA and other investors.