Kiduja India Limited announced a private placement of 6,85,000 warrants at a price of INR 25 per share for the gross proceeds of INR 17.125 million on November 16, 2023. The transaction will include participation from Ashish D. Jaipuria for 205,000 warrants, Ujjval A. Jaipuria for 240,000 warrants, . Kushal A. Jaipuria for 240,000 warrants.

Warrants will carry a right to subscribe to 1 (one) equity share per warrant, which may be exercised in one or more tranches during the period commencing from the date of allotment of the warrants until expiry of 18 months from the date of allotment of the warrants at an exercise price of INR 75 per share. The transaction has been approved by the shareholders of the company.