Riddhi Corporate Services Limited announced a private placement of 1,002,000 common shares at a price of INR 143 for gross proceeds of INR 143,286,000 and 705,000 warrants for total gross proceeds of INR 244,101,000 on September 19, 2022. Each warrant is carrying a right to subscribe to 1 equity share at an exercise price of INR 143 per equity share aggregating to INR 100,815,000, which may be exercised in one or more tranches during the period commencing from the date of allotment of the warrants until expiry of 18 months from the date of allotment of the warrants. The transaction included participation from Caprize Investments LLP.