Madhuveer Com 18 Network Limited announced a private placement to issue 10,000,000 common shares at an issue price of INR 40 per share for the gross proceeds of INR 400,000,000 on June 21, 2024. The transaction will include participation from new and returning investors Dhruvin Shah for 2,700,000 shares, Dakshesh Shah for 500,000 shares, Sheetal Shah for 300,000 shares, Sagar Shah for 1,000,000 shares, Samir Shah for 500,000 shares, Shweta Shah for 500,000 shares, Meet Kariya for 500,000 shares, Jay Kariya for 500,000 shares and Shlok Rathod for 3,500,000 shares. The transaction has been approved by shareholders, and is subject to general shareholders.