NDA Securities Limited announced a private placement of up to 872,093 common shares at a price of INR 17.20 per share for gross proceeds of INR 14,999,999.60 on July 13, 2023. The transaction will include participation from new investor Hilum Commodities Private Limited for a stake of 14.62%. The shares will be issued on preferential basis.

The transaction has been approved by the board of directors of the company.