Relstruct Buildcon Limited (BSE:540426) announced a private placement of up to 7,000,000 warrants on September 18, 2017. The warrants will be convertible into common shares. The company will issue securities on preferential allotment basis to promoters/promoters group and non-promoters. 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.