Marksans Pharma Limited announced a private placement of 50,324,324 warrants on January 20, 2023. The transaction will include participation from Mark Saldanha for 1,000,000 warrants and OrbiMed Asia IV Mauritius FVCI Limited for 49,324,324 warrants at a price of INR 74 per convertible warrant including premium. The company will issue warrants on preferential allotment basis.

The transaction has been approved by board of directors of the company.