Rose Merc Limited announced a private placement that it will issue up to 67,500 equity shares of face value INR 10 per share for the gross proceeds of INR 10,125,000 and up to 7,87,736 equity convertible warrants convertible into equivalent number of equity shares of face value INR 10 per share for the gross proceeds of INR 29,540,100 for the aggregate gross proceeds of INR 39,665,100 on January 11, 2024. The transaction will include participation from new investors such as Capitalsquare Financial Services Pvt Ltd for 333,334 warrants, Indicare hospital Private Limited for 17,000 equity shares and individual investors such as Hitendra Vinayak Dahiwadkar for 33,500 equity shares, Swapna Hitendra Dahiwadkar for 17,000 shares, Sunil Kumar Manocha for 166,667 warrants, Geeta Manocha for 166,667 warrants, Navin Vijay Kochhar for 33,334 warrants, Vikas Pandurang Kolarkar for 50,000 warrants, Vrushali Yogesh Supekar for 1,000 warrants, Mahesh Vishnupant Mulay for 1,000 warrants, Holkar Shrikant Arjun for 1,000 warrants, Prashant P Sawant for 700 warrants, Manoj Anchan for 33,334 warrants, Oberai Hitesh G for 700 warrants. The transaction has been approved by the board of directors of the company.