Chothani Foods Limited announced a private placement of 5,000,000 convertible warrants at a price of INR 3.8925 per warrant for the gross peoceeds of INR 19.4625 million on July 31, 2023. The transaction will include participation from new investors, Neeraj Ashok Chothani for 5,00,000 warrants, Urvashi Pravin Seth for 9,50,000 warrants, Ketan Praveen Ranga for 10,00,000 warrants, Pravin Seth for 2,00,000 warrants, HriOka Rakesh Sharma for 1,00,000 warrants, Vallabh Gajanan Nare for 7,50,000 warrants, Shilpa Amit Gharlute for 7,50,000 warrants, Pooja Rajesh Chapekar for 7,50,000 warrants. The warrants will be issued at a preferential basis and will be convertible into, equity sares at an exercise price of INR 11.6775.