Exhicon Events Media Solutions Limited announced a private placement of 1,088,000 common shares at a price of INR 295 per share for gross proceeds of INR 320,960,000; and 340,000 equity convertible warrants at a price of INR 73.75 per warrant for gross proceeds of INR 25,075,000; for aggregate gross proceeds of INR 346,035,000 on November 18, 2023. The transaction has been approved at the extra-ordinary general meeting of the company. The warrants will be convertible into one common share of the company at INR 221.25 per share and will mature in 18 months from the date of the allotment.