Raghav Productivity Enhancers Limited announced a private placement of up to 6,00,000, 15% unsecured Compulsory Convertible Debentures at a price of INR 515 per debenture for gross proceeds of INR 30,90,00,000 on August 1, 2021. The transaction will include participation from Rakesh Jhunjhunwala. The company will issue securities through preferential allotment method. The debentures will be converted at a price of INR 515 per share at the end of 18 months from the date of allotment. The transaction has been approved at the 4th Board meeting of the company.