PTC Industries Limited announced a private placement of 235,415 shares at a price of INR 6,000 per share for the gross proceeds of INR 1,412,490,000 on January 3, 2024. The shares will be issued on preferential basis. The transaction will include participation from new investors, Himalaya Finance and Investment Company for 100,000 shares Blue Square Corporate Services Pvt Ltd for 8,333 shares, Fair and Faith consultants Pvt.

Ltd. for 5,000 shares, individual investors, Ashish Rameshchandra Kacholia for 100,000 shares, Naresh Saraf for 16,666 shares, Dhirendra Nath Tiwari for 4,166 shares, Vinay Khattar for 1,250 shares. The transaction has been approved by the shareholders of the company.