Bright Outdoor Media Limited announced a private placement to issue 7,00,000 equity shares on January 18, 2024. The face value of equity shares INR 10 each. The transaction included participation from new investors, Ashish Nanda, Yogesh Lahani and Sanjana Deepak Gupta.

The transaction has been approved by board of directors. The offering is made on preferential basis. The transaction is subject to the approval of the shareholders of the Company and such regulatory/statutory approvals.