Emerald Finance Limited announced a private placement to issue 2,631,579 convertible warrants at an issue price of INR 9.5 per warrant at an issue price of INR 25,000,000.5 on March 20, 2024. The transaction will include participation from new investor Investi Global Opportunity Fund PCC - Cell 1. The transaction has been approved by the shareholders of the company and is subject to general shareholders which is to be held on April 19, 2024. The warrants will have an exercise price of INR 28.5 per share.