Dhyaani Tradeventtures Limited announced a private placement of 10,000,000 8% Unsecured Unrated Listed Optionally Convertible Debentures at a price of INR 20 per debenture for the gross proceeds of INR 200,000,000 on March 19, 2024. The convertible debentures convertible in the ratio of 1:1 into equity shares of company at a predetermined conversion price of INR 20 per equity share. The transaction will include participation from new investor Quantum Quasar Capital.

The transaction is subject to the approval of the shareholders of the company and such other regulatory statutory authorities as may be applicable. The transaction has been approved by the shareholders of the company.