Naapbooks Limited announced a private placement of 100,000 equity shares at issue price of INR 72 for gross proceeds of INR 7,200,000 on March 31, 2023. The securities will be issued on preferential basis. The transaction will include participation from Pathan Altab Usmanbhai, and Natvarsing Takhuji Chavda for proceeds of INR 3,600,000 each.

The company received board's approval with respect to the transaction.