Palsoft Infosystems Limited (BSE:511597) announced a private placement of 300,000 warrants at INR 10 per warrant for gross proceeds of INR 750,000 on September 1, 2017. The company will issue securities on preferential allotment basis. The warrants will be convertible into 300,000 shares. The investors would invest 25% of the exercise price of warrants as upfront payment. The remaining 75% would be payable upon exercise of these warrants. The warrants issued would expire in 18 months from the date of issue. The transaction has been approved by the company’s board of directors.