Indian Sucrose Limited announced a private placement of 1,914,894 prepaid convertible warrants on August 23, 2021. The warrants will be convertible into one common share of the company at INR 17.625 per share and will mature in 18 months from the date of the allotment. The transaction will include participation from Citybazaar Hub Private Limited, Indian Green Revolution Private Limited, Highlink Investment Private Limited for 638,298 warrants each. The company will receive 25% of the total amount, which is INR 11,077,661.79?, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months. The transaction has been approved by the board of directors of the company.