OK Play India Limited announced a private placement of up to 2,575,000 common shares at a price of INR 125 per share for the gross proceeds of INR 321,875,000, and 1,000,000 warrants at a price of 33.75 for the gross proceeds of 33,750,000; for aggregate gross proceeds of INR 355,625,000 on November 27, 2023. The warrants will be convertible into one common share of the company at INR 101.25 per share and will mature in 18 months from the date of the allotment. The transaction will include participation from new investors Saint Capital Fund for 500,000 shares; Leisure Enterprises LLP for 480,000 shares and 320,000 warrants; Shubh Garg for 350,000 shares; Sanjay Garg for 200,000 shares; Madhu Vadera Jayakumar for 200,000 shares; Santosh Desai for 125,000 shares; Earthbound Ventures LLP for 120,000 shares and 80,000 warrants; Ashika Global Finance Pvt.

Ltd for 1,00,000 shares; Pavan Bagai (jointly with Geetika Bagai) for 100,000 shares; Kaushik Surendra Shah for 200,000 shares; Vinod Kumar Bansal for 100,000 shares; Shradha Manish Mehta for 100,000 shares; Badjate Stock & Shares Pvt. Ltd. for 500,000 warrants; and Nisha Mantr for 100,000 warrants. The transaction has been approved by the shareholders of the company.

The securities have been issued on preferential basis.