TruCap Finance Limited announced a private placement of 8,988,764 convertible warrants at a price of INR 16.6875 for the gross proceeds of INR 149,999,999 on May 28, 2024. The warrants will be issued on preferential basis. The transaction will include participation from new investors, Wellknown Vinimay Private Limited for 4,494,382 warrants, Shivdhara Vintrade Private Limited for 4,494,382 warrants.

The transaction has been approved by the shareholders of the company.