Srestha Finvest Limited announced that it expects to receive INR 125 million in funding from Sandhil Consultancy Services Private Limited, Sonar Bangla Career Academy Private Limited, Starlink Management Services Private Limited and other investors.

Srestha Finvest Limited announced a private placement of 250,000,000 Fully Convertible Equity Warrants at an issue price of INR 0.5 per warrant for the gross proceeds of INR 125,000,000 on June 13, 2023. The warrants are going to be convertible into common shares of the company at an exercise price of INR 1.5 per share. The transaction will include participation from new investors Tumpkinsharp Trading Private Limited for 25,000,000 warrants,Fartile Trading Private Limited for 25,000,000 warrants,Moppingtopping Trading Private Limited for 25,000,000 warrants,Ultimateannex Trading Private Limited for 25,000,000 warrants,Mariango Trading Private Limited for 25,000,000 warrants,Mocktail Trading Private Limited for 25,000,000 warrants,Pearl Dealers Private Limited for 25,000,000 warrants,Sonar Bangla Career Academy Private Limited for 25,000,000 warrants,Sandhil Consultancy Services Private Limited for 25,000,000 warrants and Starlink Management Services Private Limited for 25,000,000 warrants.

The warrants are issued on the preferential basis. The transaction has been approved by the board of directors of the company.