Inter Globe Finance Limited announced a private placement of 7,660,000 convertible warrants at a price of INR 10.5 per warrant for the gross proceeds of INR 80,430,000 on February 21, 2024. The transaction will include participation from individual investors, Dolly Jain for 100,000 warrants, Seema Jain for 100,000 warrants, Sonu Jain for 100,000 warrants, Ruchika Jain for 100,000 warrants, Pramod Jain for 1,000,000 warrants and other investors. The transaction has been approved by the shareholders of the company.
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- Inter Globe Finance Limited announced that it expects to receive INR 80.43 million in funding