Navkar Corporation Limited announced a private placement of 25,000,000 prepaid warrants on July 21, 2021. The warrants will be convertible into one common share of the company at INR 7.25 per share and will mature in 18 months from the date of the allotment. The company will receive 25% of the total amount, which is INR 190,625,000, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18months. The warrants will be convertible into one common share at INR 10. The transaction will include participation from Moonlight Multitrade LLP, Betal Traders LLP, Rukhmani Garments LLP, Pakhi muItitrade LLP, Akarshika Traders LLP, lntexCommosales LLP, Nacio MultiTraders LLP, lndranil Traders LLP, MishtiTraders LLP, GittanjaliCommosales LLP, Navkar Fiscal Services Private Limited and and individual investor Dakshesh Rameshchandra Shah.