Sarveshwar Foods Limited announced a private placement to issue 102,000,000 warrants at an issue price of INR 2.425 per warrant for the gross proceeds of INR 247,350,000 on February 22, 2024. The transaction will include participation from new investors Eminence Global Fund PCC - Eubilia Capital Partners Fund I 47,500,000 warrants, Radiant Global Fund-Class B Participating Shares 25,500,000 warrants, Nova Global Opportunities Fund PCC-Touchstone 16,000,000 warrants, Rajesh Rathore 3,200,000 warrants, Ranjeev Sharma 2,100,000 warrants, Rohit Gupta 3,100,000 warrants, Rama Gupta 1,000,000 warrants, Saurabh Jandial 1,000,000 warrants, Savita Mahajan 700,000 warrants, Govardhan Dass Gupta 600,000 warrants, Akshit Lakhotia 400,000 warrants, Kanishka Gupta 400,000 warrants, Raunak Gupta 300,000 warrants and Rajat Mengi 200,000 warrants. The transaction has been approved by shareholders and is subject to general shareholders to be held on March 16, 2024.