AVG Logistics Limited announced a private placement to issue up to 1,572,449 equity shares of face value of INR 10 at a price of INR 371 per share for the gross proceeds of INR 583,378,579, up to 300,000 Promoter Convertible Warrants each warrant convertible into 1 equity share of face value of INR 10 at a price of INR 371 per share for the gross proceeds of INR 111,300,000 and up to 505,000 Non-Promoter Convertible Warrants convertible into 1 equity share of face value of INR 10 at a price of INR 371 per share for the gross proceeds of INR 187,355,000 for the total aggregate gross proceeds of INR 882,033,579 on January 12, 2024. The transaction will include participation from Neha Gupta for 4,000 shares, Akash Aggarwal for 70,000 shares, Amitabh Sonthalia for 1,50,000 shares, Ashok Kumar Gupta for 40,000 shares, Astralit Investments Private Limited for 75,000 shares, Bhumikaben Gaurang Ray for 2,500 shares, G REKHA for 15,000 shares, Himanjana Ramesh Patel for 25,000 shares, India Emerging Giants Fund Limited for 1,07,816 shares, IYA Ventures for 50,000 shares, Jinendra G for 15,000 shares, Keval Doshi for 1,50,000 shares, Matrix Incrementym for 1,50,000 shares, Naman Gupta for 70,000 shares, PASSAGE TO INDIA MASTER FUND LIMITED for 15,000 shares, Patel Vishnubhai Vitthal bhai HUF for 1,00,000 shares, Rahul Dalmia for 2,500 shares, Renu Aggarwal for 10,000 shares, Savita A Desai for 2,500 shares, Shreeji Capital and Finance Limited for 1,00,000 shares, Shivang Aggarwal for 1,00,000 shares, Sonali Jain for 2,500 shares, SUNU P MATHEW FAMILY PRIVATE TRUST for 1,00,000 shares, Vikasa India EIF I Fund- Emerging Giants Fund for 2,15,633 shares, Asha Gupta for 3,00,000 promoter warrants, Apurva Chamaria for 10,000 warrants, Aditya Joshi for 5,000 warrants, Ghazal Kalra for 20,000 warrants, Manvika Tulsian for 20,000 warrants, Manvika Tulsian for 20,000 warrants, Priya Aggarwal for 2,50,000 warrants, Reality Vinimay Pvt Ltd for 1,00,000 warrants and SumashVinimay Pvt Ltd for 1,00,000 warrants. The transaction has been approved by the board of directors of the company.