IInfibeam Incorporation Limited (BSE:539807) announced a private placement of 436,364 convertible equity warrants at a price of INR 343.75 per warrant for gross proceeds of not exceeding INR 150,000,125 on January 24, 2017. The transaction will include participation from Bennett Coleman & Co. Ltd. The warrants can be exercised at a price of INR 1,031.25 per warrant share. The investor would invest 25% of the exercise price of warrants as upfront payment. The remaining 75% would be payable upon exercise of these warrants. The warrants issued would expire in 18 months from the date of issue. The transaction has been approved by the board of directors of the company and is further subject to be approved at its extraordinary general meeting. The warrants will be issued on preferential basis.