Niyogin Fintech Limited announced a private placement to issue not more than 17,536,011 convertible warrants at an issue price of INR 11.405 per warrant for the gross proceeds of INR 199,998,205.455 on July 4, 2023. The transaction will include participation from Promoter/ Promoter Group and certain identified non - promoter persons / entities by way of preferential allotment, subject to the approval of the shareholders in the ensuing Extra Ordinary General Meeting of the Company. The general meeting of shareholders is about to be held on August 2nd week of 2023.

The transaction has been approved by the shareholders. The transaction will include participation from Amit Vijay Rajpal 43,84,000 warrants, Cohesion MK Best Ideas SubTrust 82,20,000 warrants, Sanjay Natverlal Shah 10,96,000 warrants, Aionios Alpha Fund I 9,86,400 warrants, Ashika Global Securities Private Limited, 10,96,011 warrants, Alok Vinod Agarwal 6,57,600 warrants, Saranya Mukul Agrawal 5,48,000, warrants Divyanshi Agrawal 5,48,000 warrants.