PTC Industries Limited (BSE:539006) announced that a private placement of 2,61,900 equity warrants on July 19, 2019. The warrants will be convertible into one common share of the company of face value INR 10 per share at premium of INR 300 per share at issue price of INR 310 per share and will mature in 18 months from the date of allotment. The company will receive 25% of the total amount, which is INR 20,297,250, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid within 18 months. The transaction includes participation from promoter, Sachin Agarwal HUF. The transaction needs to be approved from the shareholders of the company at an extraordinary general meeting of the company to be held on August 21, 2019 and the applicable regulatory authorities.