Transwarranty Finance Limited announced a private placement of 4,800,000 at an issue price of INR 15.30 per share for the gross proceeds of INR 73,440,000 on May 13, 2024. The shares will be issued on preferential basis. The transaction will include participation from new investors, Shalibhadra Finance Limited for 439,840 shares for 0.82% stake, Karishma Jignesh Desai for 180,064 shares for 0.34% stake, Hasrukh Desai for 90,032 shares for 0.17% stake, Jignesh Desai for 180,064 shares for 0.34% stake , Sidharth Ajwani for 1,710,000 shares for 3.91% stake, Areeza India Strategy Partners LLP for 2,200,000 shares for 4.10% stake.

The transaction has been approved by the shareholders of the company. The transaction is subjected to approval from Extra-Ordinary General Meeting of the members of the company.