Man Industries (India) Limited announced a private placement of 4,632,133 common shares at a price of INR 367 per share for the gross proceeds of INR 1,699,992,811 on March 13, 2024. The transaction included participation from new investors, RBA Finance and Investment Company for 1,362,395 shares, Turnaround Opportunities Fund for 714,267 shares, 360 One Equity Opportunity Fund for 103,171 shares, ITI Multi Cap Fund for 245,230 shares, individual investor, Ashish Kacholia for 1,362,395 shares and other investors. The transaction has been approved by the shareholders of the company.