Thirdwave Financial Intermediaries Limited announced a private placement of 8,605,000 equity shares of face value of INR 17 of at a price of INR 17 per share for gross proceeds INR 146,285,000 and 2,320,000 warrants at a price INR 4.25 per share for gross proceeds INR 9,860,000, bringing total proceeds to INR 156,145,000 on May 15, 2024. The transaction includes participation from Utkarsh Vartak, Kiran Hurkadl, Sachin Nanche, N Satish Kumar, Alluri Reddy Dodda, Sribhasyam Srinivas, Swati Doda, Ritesh rathi, Deepak Jagtiani, Lingutla Venkata Ramana, V Mohan Rao Adhikari, Gannamaneni Murali Krishna, Kode Gopala Krishnaiah, Anusha Shetty, Dipanshu Singhal, Somisetty Malathi Latha, Rakesh Prakash Sharma, Rani Singh, Sandeep Babulal Rathod, Ravipati Venkateswara Rao, Shridhar Dasari, Madineni Venkata Sathya Vijay, Doddala Vijayalakshmi, Santan Investment Advisory LLP, Surendra Nandlal Shah, Ramesh Chand Agarwal, Harish J Kanwarjani, Vaishali K Gupta, Abhishek K Agrawal, Sangita Sanjay Agarwal, Vijay Atmaram Agarwal HUF, Sachin Moolchand Jain, Saurabh Vijay Jain, Sweta Jain, Bhavesh Dhirajlal Tanna, Lenus Finvest Pvt Ltd , Amit Babulal Agarwal, Gunjan Agarwal, Mohan Chandavarkar, Alpana Chandavarkar, Nandan Chandavarkar, Vishnu Agarwal, Vishnu Agarwal Huf, Priyanka Agarwal, Thrifty Investment Advisors LLP, Mehul Nagawat, Umang Vora, Samir Kataruka, Bhamini Shah, Mukti Sudhir Gosar, Ajay Yadav, Tvisha Corporate Advisors LLP, Ingenius Investment Advisors LLP, Umesh Sahay, Abhishek Narbaria, Paresh Giri, D D Master HUF, Deen Dayal Rathi, Vijay Bhosale, Deepak Kharwad, Anju Shah, Sushila Kharwad, Babulal Agarwal, Sanjana Madineni, Prathima Mallinath Madineni, Mallinath Madineni, Deepa Hurkadli and Deepak Kumbhar. The transaction was approved by board of directors.