AGS Transact Technologies Limited announced a private placement of 25,236,500 Convertible Warrants at a price of INR 19.8125 per warrant for the gross proceeds of INR 499,998,156.25 on June 17, 2024. The transaction has been approved by the shareholders of the company and warrant exercise price is INR 59.4375 per warrant. The transaction will include participation from new investors Ravi Goyal Family Trust for 94,63,700 warrants, Anupama Goyal Family Trust for 94,63,700 warrants, Jhil Ashit Mehta for 14,00,000 warrants, EMINENCE GLOBAL FUND PCC- EUBILIA CAPITAL PARTNERS FUND I for 10,84,100 warrants, Mittal Analytics Private Limited for 5,00,000 warrants, Tushar G. Agarwal for 5,00,000 warrants, Rajiv Mehta for 4,00,000 warrants, Debashish Neogi for 4,00,000 warrants, Vivog Commercial Limited for 4,00,000 warrants, Rajesh Rautela for 2,50,000 warrants, Vineet Kumar for 2,50,000 warrants, Jigar Ravi Thakkar for 1,25,000 warrants, Noida Holdings Private Limited for 1,00,000 warrants, Moksha Enterprises for 1,00,000 warrants, Rajesh Kumar Jindal for 1,00,000 warrants, Sushil Kumar Jain for 1,00,000 warrants, Sunil Kumar Gupta for 1,00,000 warrants, Hridya Cars Private Limited for 1,00,000 warrants, TSM Financial Services Private Limited for 1,00,000 warrants, Ashish D. Desai for 1,00,000 warrants, Pravin Kumar Gupta for 75,000 Nwarrants, Atul Bapna for 75,000 warrants and Anju Jain for 50,000 warrants.