H.P. Cotton Textile Mills Limited announced a private placement of 1,12,000 warrants at a price of INR 180 per warrant for a total gross proceeds of INR 20,160,000 on January 12, 2022. Each warrant is convertible in to one common share of the company. The transaction has been approved by the board of directors of the company.

The transaction is subject to approval from the shareholders of the company in its extra-ordinary general meeting.