Shukra Bullions Limited announced a private placement that it will issue up to 10,000,000 warrants convertible into equity shares at a price of INR 10 per share for the gross proceeds of INR 100,000,000 on January 11, 2024. The transaction will include participation from new investor, Shukra Jewellery Limited for 3,595,000 shares and individual investors such as, Mayuri C Shah for 3,080,100 shares, Chandrakant H Shah for 3,269,400 shares, Ashok M Mehta for 125,000 shares, Nayna A Mehta for 125,000 shares, Kirtidaben M Shah for 200,000 shares, Surali M Shah for 200,000 shares, Pravin M Patel, Raksha P Patel, Ani! M Patel, Parul A Patel, Rohan P Patel, Tulsi R Patel, Bhavik P Patel, Disha B Patel each for 187,500 shares, Nrupesh S Amin for 180,000 shares and Asmi N Amin for 170,000 shares.

The transaction has been approved by the board of directors of the company.