7Seas Entertainment Limited announced a private placement of 4,025,000 equity shares at a price of INR 11 per share, including premium of INR 1 for total gross proceeds of INR 44,275,000 on October 14, 2021. The transaction will include participation from non-promoters individuals for 3,275,000 equity shares and 750,000 equity shares to promoter. The company issued shares on a preferential basis.

The transaction has been approved by the board of directors of the company.