Saboo Sodium Chloro Limited (BSE:530461) announced a private placement of 5,000,000 common shares on December 15, 2016. The transaction will include participation from promoters of the company and public. The company will issue shares on preferential allotment basis. The transaction has been approved by the board of directors of the company at its board meeting under reference number SSCL/JPR/2016/38. The transaction is subject to shareholders’ approval and other regulatory approvals, if any.