Jayant Infratech Limited announced a private placement of 2,222,000 fully convertible warrants at a price of INR 26.375 per warrant for the gross proceeds of INR 58,605,250 on November 20, 2023. The warrants will be allotted on preferential basis. The warrants will be exercisable at an exercise price of INR 79.125.

The transaction will include participation from individual investors, Nikita Hardik Parekh for 180,000 warrants, Hardik Dilip Parekh for 180,000 warrants, Bindu Ashwin Gandhi for 90,000 warrants, Kaushal Ashwin Gandhi for 90,000 warrants, Kinjal kaushal Gnadhi for 90,000 warrants etc.