Rathi Steel And Power Limited announced a private placement of 355,705,222 equity shares at a price of INR 32.25 per share for the gross proceeds of INR 11,471,493,409.5 on February 22, 2024. The shares will be issued on preferential basis. The transaction will include participation from Anoop Jain for 310,077 shares, Puja Bansal for 310,077 shares, Varinder Bansal for 1,240,310 shares, Binit Rameshchandra Shah for 310,077 shares, Maryada Barter Private Ltd. for 310,077 shares and other investors.