FERVE SYNERGIES LIMITED announced a private placement to issue 20,000,000 convertible warrants at an issue price of INR 2.5 per warrant for the gross proceeds of INR 50,000,000 on May 30, 2024. The transaction will include participation from new investors Vijay Thakkar for 15,375,000 warrants, Ilex Investment Private Limited for 2,425,000 warrants, Blueberry Securities Private Limited for 1,000,000 warrants and Tasc Chemicals Industries Private Limited for 1,200,000 warrants. The transaction has been approved by shareholders and is subject to general shareholders to be held on June 10, 2024.