Oracle Credit Limited announced a private placement to issue up to 828,813 equity shares at an issue price of INR 50 per share for gross proceeds of up to INR 41,440,650 on March 31, 2022. The transaction will include participation from non-promoters. The securities are issued on preferential basis.

The transaction is subject to approval of regulatory/statutory authorities and the shareholders of the company proposed to be sought by way of Postal Ballot.