Getalong Enterprise Limited announced a private placement of 171,600 common shares at a price of INR 156 per share for gross proceeds of INR 26,769,600 on August 25, 2023. The transaction included participation from individual investors Shehzad Abubakar Hira for 60,000 shares, Saher Shehzad Hira for 60,000 shares, and Saba Shehzad Hira for 51,600 shares. The transaction has been approved at the board meeting of the company.

The transaction is subject to the approval of members by way of passing special resolution at the annual general meeting to be held on September 21, 2023.