Wanbury Limited announced a private placement of 2,000,000 pre-paid convertible equity warrants at an issue price of INR 30 per warrant for the gross proceeds of INR 60,000,000 on October 20, 2023. The transaction will include participation from returning investor Expert Chemicals (India) Pvt. Ltd. The transaction has been approved by the shareholders of the company and is subject to the approval of members of the company at Extra Ordinary General Meeting to be held on November 18, 2023.

The warrants are exercisable at a price of INR 90 per warrant and are restricted to a hold period of 18 months from the date of allotment of the warrants.