Simplex Infrastructures Limited announced a private placement of 5,75,11,000 equity shares at a price of INR 56.61 per share for proceeds of INR 3,255,697,710 and 1,70,00,000 prepaid warrants on preferential basis at INR 56.61 per warrant for proceeds of INR 962,370,000 and aggregate total gross proceeds of INR 4,218,076,710 on April 12, 2022. The transaction has been approved by the board of directors of the company and is subject to approval from shareholders of the company and regulatory approvals. The warrants will be exercised in multiple tranches within a period of 18 months starting from the date of allotment of warrants.