Dhampure Speciality Sugars Limited announced a private placement of 800,000 convertible warrants at a price of INR 23 per share for the gross proceeds of INR 18,400,000 on February 9, 2024. The transaction will include participation from new investors, Shrey Gupta for 200,000 warrants, Reena Gupta for 200,000 warrants, Ananya Gupta for 200,000 warrants, Sorabh Gupta for 200,000 warrants. The transaction has been approved by the shareholders of the company.

The warrants will now be convertible into common shares of the company at an exercise price of INR 69 per share.