Sheetal Diamonds Limited announced that it expects to receive INR 499.5 million in funding from Bhima Agencies Private Limited, Mentax Impex Private Limited, Gemzar Enterprises Private Limited, Vedankit Traders Private Limited, Kreon Finnancial Services Limited

Sheetal Diamonds Limited announced a private placement and it will issue up to 83,25,000 equity shares in a Preferential Issue having face value of INR 5 each, for issue price of INR 60 per equity share (face value of INR 5 and premium of INR 55) for a gross proceeds INR 499,500,000 on December 27, 2023.The transaction included participation from new investors, Rajnishkumar Singh for18,00,000 shares, Rutik Panchal for 72,500 shares, Sheela Chandran for 50,000 shares, Kailash B Kabra for 1,15,000 shares, Vishal Kirti Gogri for 2,09,000 shares, Jinal Vishal Gogri for 73,000 shares, Sanjay Ravindra Mehta for 2,09,000 shares, Amit Premji Lapasiya for 2,30,000 shares, Rohit N Shah for 1,25,000 shares, Keyur Mahendra Shah for 1,05,000 shares, Het Parekh for 1,25,000 shares, Pragnesh Chhadva for 96,000 shares, Alpa Kamlesh Chheda for 1,25,000 shares, Rikhabchand Rupchand Choudhary for 96,000 shares, Paras Arvind Chheda for 83,000 shares, Husain Taherali Dasorwala For 21,000 shares, Kalpesh Kanaiyalal Parekh for 21,000 shares, Manpreet S Mishra for 48,000 shares, Bipin Shah for 52,000 shares, Jignesh Mukesh Parmar for 1,05,000 shares, Chital Dhiren Shah For 83,000 shares, Pankaj Babulal Vora For 62,500 shares, Neelam Atul Vora For 37,000 shares, Roshni Bhavin Gala For 19,000 shares, Bhavin Kanti Gala For 19,000 shares, Vinayak Vishwanath Bhat For 33,000 shares, Sweta N Jain for 67,000 shares, Shubir Rajaram Shetty for 17,000 shares, Rupesh Kantilal Gala For 74,000 shares, Kalpesh Vinaykumar Vora For 19,000 shares, Jatin Manshi Shah For 19,000 shares, Kanchan Harnarayan Jadhav for 31,000 shares, Mahesh M Rao for 31,000 shares, Prashant Yashwant Thasal For 30,000 shares, Dilip Anantray Mehta for 33,000 shares, Kreon Finnancial Services Limited For 50,000 shares, Atul B Chauhan HUF for 10,11,000 shares, Kunal Jain For 25,000 shares, Rameshkumar Jivrajji Lunia (held, jointly with Arun Rameshkumar, Lunia) for 25,000 shares, Bharat Virchand Gada for 30,000 shares, Rajnedra Jain For 30,000 shares, Aashi Jain for 34,000 shares, Pranav Mukesh Sumaria for 10,000 shares, Amol Patil for 25,000 shares, Vedankit Traders Private Limited For 10,00,000 shares, Gemzar Enterprises Private Limited For 5,25,000 shares and Mentax Impex Private Limited For 5,25,000 shares. The transaction is subject to approval of Shareholders.