Oxygenta Pharmaceutical Limited announced a private placement to issue 2,000,000 common shares at an issue price of INR 16 per share for the gross proceeds of INR 32,000,000 on April 8, 2024. The transaction will include participation from individual investors M VS Prasad Reddy for 200,000 shares, Rachamallu Aparna for 100,000 shares and Amigos Molecular Solutions Private Limited for 200,000 shares. The transaction has been approved by the shareholders of the company and is subject general shareholders which is to be scheduled on May 09, 2024.