Lords Chloro Alkali Limited announced that it expects to receive INR 106.75 million in funding from Mehak Infracon Pvt. Ltd., My Money Credits Private Limited and other investors

Lords Chloro Alkali Limited announced a private placement of up to 3,500,000 equity warrants at a price of INR 30.5 per warrant for the gross proceeds of INR 106,750,000 on June 17, 2024. The transaction will include participation from Mehak Infracon Pvt. Ltd. for 450,000 warrants, My Money Credits Private Limited for 200,000 for warrants, individual investors, Madhav Dhir for 900,000 warrants, Maneesha Dhir for 900,000 warrants, Srishti Dhir for 450,000 warrants, Snigdha Dhir for 450,000 warrants, Ajay Virmani for 150,000 warrants.

The warrants will be exercisable into common shares of the company at an exercise price of INR 91.5 per share. The warrants will be issued on preferential basis. The transaction has been approved by the shareholders of the company.