JHS Svendgaard Laboratories Limited announced a private placement to issue common shares for the gross proceeds of INR 200,000,000 million and convertible warrants for the gross proceeds of INR 100,000,000; aggregate gross proceeds of INR 300,000,000 on June 4, 2024. The transaction will include participation from Puran Associates Private Limited for INR 50,000,000, Milky Investment and Trading Company for INR 50,000,000, M.B. Finmart Private Limited for INR 50,000,000 and VIC Enterprises Private Limited for INR 50,000,000 and warrants Nikhil Nanda for INR 50,000,000 and Coeus Global Opportunities Fund for INR 50,000,000. The transaction has been approved by shareholders and is subject to general shareholders which is to be held on July 04,2024 to seek necessary approval of the Shareholders for the proposed Preferential Issue.