Simplex Castings Limited announced a private placement to issue 760,521 shares at an issue price of INR 75 per share for the gross proceeds of INR 57,039,075 and 306,560 convertible warrants on April 24, 2024. The transaction included participation from new investors Areeza India Strategy Partners LLP 295,000 shares, Ten Eighty Investments Partnership Firm 122,624 shares, Chetan D. Bhayan 61,312 shares, Abhishek Singhvi 25,000 shares, Ekta Agarwal 50,000 shares, Kalpana Sudhir Bheda 25,000 shares and Shardha Sukumaran 181,585 shares and 306,560 warrants to Ketan M Shah. The trannsaction has been approved by the shareholders of the company,