NTC Industries Limited (BSE:526723) announced private placement of 1,194,000 shares at a price of INR 45.21 per share for gross proceeds of INR 53,980,740 with existing investor YMS Finance Private Limited on January 16, 2021. The investor's stake will increase from 6.66% to 15.99% upon closing. The shares will be issued through preferential allotment at a premium to par value of INR 10 per share. The transaction is approved by the board of directors of the company and is subject to approval of shareholders in its extra-ordinary general meeting.