Rudra Ecovation Limited announced a private placement to issue 20,765,000 warrants at an issue price of INR 12 per warrant for the gross proceeds of INR 249,180,000 on May 18, 2024. The transaction will include participation from new and returning investors Simmi Malhotra 500,000 warrants, Shiva Spinfab Private Limited 5,750,000 warrants, Dinesh Pareekh 400,000 warrants, Vinayak International 2,900,000 warrants, Race Eco Chain Limited 2,085,000 warrants, Gunjan Agarwal 1,000,000 warrants, Raika Investments 540,000 warrants, India Equity Fund 1 520,000 warrants, R.A. Maxx Private Limited 335,000 warrants, Wow Investments 270,000 warrants, Shri Bajrang Commodity 270,000 warrants, Rajesh H Modi HUF 260,000 warrants, Sudhir Shivji Bheda 210,000 warrants
Radhika Soni 210,000 warrants, Bhavna Jitendra Mehta 210,000 warrants, Vivek Garg 200,000 warrants, HypotenuseInvestment 180,000 warrants, Aarson Investments 180,000 warrants, Dipak Raheja 180,000 warrants, Kalpana Suresh Kapadia 155,000 warrants, Aditya Tushar Vora 155,000 warrants, Rashi Pareek 125,000 warrants, Nainesh Gunvantlal Jain 105,000 warrants, Sushant Behl 100,000 warrants, Swaroop Narain Agarwal 100,000 warrants, Raadhika Gupta 100,000 warrants and Amit Kumar HUF 25,000 warrants. The transaction has been approved by shareholders of company and is subject to general shareholders and Stock Exchange to be held on June 17, 2024.