Karuturi Global Limited (BSE:531687) announced a private placement of 1,000,000,000 convertible warrants with Phoenix Food Mauritius on January 24, 2019. The warrants has face value of INR 1 per warrant and will be issued on a preferential basis. The transaction has been approved by the board of directors of the company and subject to approval of shareholders through postal ballot by March 11, 2019.