Almondz Global Securities Limited announced a private placement of 1,200,000 non-convertible non-cumulative redeemable preference shares at a price of INR 100 for gross proceeds of INR 120,000,000 on August 10, 2022. The transaction included participation from returning investor Avonmore Capital & Management Services Limited. The preference shares have a dividend rate of 7%, and would be redeemed after 1 year but before 3 years from the date of issue at the discretion of the company.