PVV Infra Limited (BSE:536659) announced a private placement of 830,000 equity shares of INR 10 each at a premium of INR 11 per equity share aggregating to INR 21 for proceeds of INR 17,430,000 and 1,071,716 prepaid convertible equity share warrants on January 17, 2019. The warrants will be convertible into one common share of the company at INR 21 per share and will mature in 18 months from the date of the allotment. The company will receive 25% of the total amount, which is INR 5,626,509, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months. The transaction will involve participation from promoters of the company for 500,000 equity shares and 471,716 convertible equity share warrants and will involve participation from non-promoters of the company for 330,000 equity shares and 600,000 convertible equity share warrants. The transaction has been approved by the directors of the company in the board meeting.