Kopran Limited announced a private placement of up to 4,959,999 common shares of face value of INR 10 per share at an issue price of INR 255 per share including a premium of INR 245 per share for gross proceeds of INR 1,264,799,745 on December 8, 2021. The transaction will include participation from Mahima Stocks Pvt Ltd for 500,000 shares, MC Jain Infoservices Private Limited for 200,000 shares, promoter group United Shippers Limited for 2,200,000 shares and returning investor Oricon Enterprises Limited for 200,000 shares and 8 individual investors including Vivek Mundra for 100,000 shares. The company will issue securities on a preferential basis.

The transaction has been approved in the Meeting of the Board of Directors of the company and is subject to the approval of regulatory/statutory authorities and the shareholders of the company at the forthcoming Extraordinary General Meeting.