Batliboi Limited announced a private placement of 6,167,400 common shares at the price of INR 113.50 per share for gross proceeds of INR 699,999,900 on February 29, 2024. The transaction included participation from new investors Authum Investment & Infrastructure Limited for 1,500,000 shares, Rashi Fincorp Limited for 300,000 shares, Suresh Bhatia for 600,000 shares, and other investors. The securities will be issued on preferential basis.

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