Rushil Décor Limited (BSE:533470) announced a private placement of 47,000 shares at INR 865 per share for gross proceeds of INR 200,003,580 on May 29, 2018. The transaction will include participation from Manish Shailendra Srivastava for 23,500 shares and Forum Nilesh Parekh for 23,500 shares. The shares of INR 10 each will be issued at a premium of INR 855 per share. The transaction is subject to the approval of the shareholder's and other regulatory authorities. The transaction has been approved at the board meeting held on May 29, 2018. The securities will be issued on preferential basis.