Carasso Motors Ltd. (TASE:CRSO) announced a private placement of 5,527,100 common shares at a price of ILS 33 per share for gross proceeds of about ILS 182,394,300 on June 14, 2017. The transaction will include participation from 19 institutional investors. Pursuant to the transaction, the investors will acquire 7.82% stake in the company. The transaction has been approved by the board of directors of the company. The transaction is subject to the approval of Tel-Aviv Stock Exchange to list the shares. The shares are subject to a 6-month hold period starting from allotment date, during which the shares cannot be traded.