Vista Pharmaceuticals Limited announced a private placement of 2,66,667 pre-paid warrants at INR 2 per warrant for gross proceeds of INR 533,334 on January 8, 2024. The transaction will include participation from Pavan Sathvik Gilaka for 2.66.667 warrants. The company will issue shares on preferential basis.

The company will receive 25% of the total amount as upfront payment and the remaining 75% will be paid within 18 months as an exercise price. The transaction has been approved by board of directors of the company. The transaction is subject to shareholders approval to be obtained on January 8, 2024.