Caspian Corporate Services Limited announced a private placement of 13,145,190 equity shares at face value of INR 1 each, at an issue price of INR 12 per equity share for gross proceeds of INR 133,742,280 on March 2, 2023. The transaction will include participation from promoters and non-promoters in the transaction. The transaction was approved by the board of directors of the company and subject to approval of Extra-ordinary General Meeting of shareholders.