Ganesh Benzoplast Limited announced a private placement of 2,000,000 common shares at a price of INR 162 per share for gross proceeds of INR 324,000,000 on January 29, 2024. The transaction will include participation from new individual investor Anil Kumar Goel. The company will issue shares on preferential basis.

The transaction has been approved by the board of directors of the company. The transaction still needs to be approved at the extra ordinary general meeting of the company to be held on February 21, 2024.