TruCap Finance Limited announced a private placement of 2,682,762 equity shares at an issue price of INR 74.55 per share inclusive of premium of INR 72.55 per share for gross proceeds of INR 199,999,907 and 8,048,289 convertible warrants at an issue price of INR 18.6375 per warrant for gross proceeds of INR 149,999,986; for aggregate proceeds of INR 349,999,893 on December 19, 2022. The transaction will include participation from Zeal Global Opportunities Fund. The warrants shall be convertible into equivalent number of equity shares of the company at a conversion price of INR 74.55 per equity share within 18 months from the date of allotment of convertible warrants.

The company will issue the securities on preferential allotment basis. The transaction was approved by the board of directors of the company and is subject to the approval of the shareholders of the Company and appropriate authorities.