Jupiter Wagons Limited announced a private placement of 12,80,65,95 equity shares of INR 10 each to eligible qualified institutional buyers at the issue price of INR 315 per equity share for the gross proceeds of INR 4,034,077,425 on November 29, 2023. The transaction is expected to close on December 4, 2023. The transaction will include participation from new investors Societe Generale - ODI for 2,382,645 shares, Copthall Mauritius Investment Limited-ODI Account for 1,058,388 shares, Rajasthan Global Securities Limited for 952,380 shares, HSBC Large And Mid Cap Fund for 952,380 shares, Bandhan Mutual Fund - Bandhan Focused Equity Fund manged by Infrastructure Development Finance Co.

Limited, Asset Management Arm for 8,88,889 shares.