GRM Overseas Limited announced a private placement to issue 9,100,000 convertible pre-paid warrants at an issue price of INR 37.5 for the gross proceeds of INR 341,250,000 on June 21, 2024. The transaction will include participation from individual investor Atul Ramanlal Shah for 100,000 for INR 3,750,000. The transaction has been approved by shareholders of company.