Celebrity Fashions Limited announced a private placement of up to 4,763,664 common shares of face value of INR 10 each at an issue price of INR 21.08 per share for gross proceeds of INR 100,418,037.12 on February 13, 2023. The transaction includes participation from new investors, Citrine Fund Limited and Arial Holdings 1 to acquire stake of 4.22% each. The transaction has been approved by the board of directors of the company and require approval of its shareholders.