Stampede Capital Limited announced a private placement of 111,275,857 common shares with Normal Voting Rights at an issue price of INR 1 per share for gross proceeds of INR 111,275,857 and 1,060,439 common shares with Differential Voting Rights at an issue price of INR 14 per share for gross proceeds of INR 14,846,146; for an aggregate gross proceeds of INR 126,122,003 on April 30, 2023. The transaction included participation from new investors, Black Hawk Properties Private Limited for INR 20,000,000, Basukinath Properties Private Limited for INR 10,000,000, Apr Properties Private Limited for INR 10,000,000, individual investor, Rachit Poddar for INR 10,000,000 and other investors. The transaction has been approved by the board of directors of the company.